Write-Off Procedures
1. STRATEGIC PLAN THEME AND COMPLIANCE OBLIGATION SUPPORTED
Strategic Plan Theme: People and Culture
Financial Management Act 2006 (WA)
2. PROCEDURAL DETAILS
2.1 General
The Chief Financial Officer must be satisfied that all practicable and economical avenues for
collection of the debt or location of the missing or lost asset have been fully explored prior to
recommending a write-off to the relevant authority.
2.2 Assets
The procedure for reporting lost, misplaced or stolen assets is outlined in the Assets
Procedures. The Asset Coordinator, Financial Services will submit the request to write-off lost
or stolen assets to the Director Finance and Disruption.
2.3 General debtors
The Senior Finance Officer, Accounts Receivable, Financial Services will assess the need for
any general debtor write-offs at the end of each six months (June and December) as
appropriate. Requests for write-off of general debts (together with justifications) will be submitted
to the Director Finance and Disruption.
2.4 Student debtors
2.4.1 Requests for write-off of student debts (together with justifications) will be submitted to
the Director Finance and Disruption.
2.4.2 The Deputy Vice-Chancellor Academic must be satisfied that all practicable and
economical avenues for collection of student debts have been fully explored before the
debt is recommended for write-off.
2.5 Approval of all write-offs
2.5.1 The Director, Finance and Disruption will submit all write-offs to the Chief Financial
Officer.
2.5.2 The Chief Financial Officer will recommend all amounts to be written off to the Vice-
Chancellor.
2.5.3 Endorsement will then be sought from the Audit, Risk and Compliance Committee
before approval is requested from Council.
2.5.4 The following details will be provided:
Asset General debtor Student debtor
• Asset details • Debtor name & • Student ID & name
account number
• Invoice date • Fee year
• Invoice date
• Net book value (cost less • Amount
accumulated • Amount
depreciation) • Reason debt is
• Reason debt is uncollectible
• Reason for write-off uncollectible
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2.6 Approval of write-offs over $100,000
2.6.1 Where an individual debt or asset to be written-off is more than $100,000, the University
Council's approval is required to refer the write-off to the Minister for Education with
relevant justification for approval. The Chief Financial Officer will ensure that the
appropriate procedures in the Financial Management Act 2006 (WA) and Treasurer's
Instruction 803 are followed.
2.6.2 Written evidence of the Minister’s approval must be retained to meet audit requirements
for proper record keeping.
2.7 Goods and Services Tax (GST) component
When bad debts are written-off, the Director Finance and Disruption will provide the write-off
lists to the Accountant, Taxation. The Accountant, Taxation, will ensure any GST component
of the amount written-off is recovered from the Australian Taxation Office as appropriate.
3. RESPONSIBILITIES
Responsibilities are those as set out in Section 2.
4. SCOPE OF PROCEDURES
This policy applies to University staff and Associates who are involved with the accounting for assets
(including general and student debtors).
5. DEFINITIONS
(Note: Commonly defined terms are located in the Curtin Common Definitions. Any defined terms
below are specific to this document)
Nil
6. SCHEDULES
Nil
7. RELATED DOCUMENTS/LINKS/FORMS
Assets Procedures
Financial Management Act 2006 (WA)
Treasurer’s Instruction 803
Philip Thomas, Director of Finance & Disruption,
Policy Compliance Officer Financial and Commercial Services
Policy Manager Chief Financial Officer
Approval Authority Chief Financial Officer
Review Date 1st April 2024
REVISION HISTORY
Approved/ Approval /
Committee / Board /
Amended/ Resolution Key Changes and Notes
Version Date Executive Manager
Rescinded Number
A66 Approved 30/10/1996 Council C 226/96 RSC 56/96
Amended 05/12/2000 University Resources Board URB 95/00 URB 74/00
Planning and Management
Approved 21/11/2006 PMC 92/06 (i) Document No 01318/06
Committee
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Planning and Management
Approved 20/02/2007 PMC 5/07 (v) Document No 00140/07
Committee
Approved 09/05/2007 Council C 58/07 Document No 00390/07
Administratively Director, Legal and Reformatted and Amended to
20/03/2008
Updated Compliance Services Reflect Organisational Chart
Planning and Management Attachment 1 to Document No
Amended 25/08/2009 PMC 95/09
Committee 01259/09
Unconditional (Approved and
Amended as per new Policy
Approved 22/10/2012 Chief Financial Officer EM 1233 Framework - Previously titled
Write-Offs Policy and
Procedures)
Title change from Deputy Vice-
Administratively Director, Legal and Chancellor, Academic to
04/03/2014
Updated Compliance Services Provost and Senior Deputy
Vice-Chancellor
Administratively Director, Legal and Executive Manager Title
06/10/2015 EC 76/15
Updated Compliance Services Changes
Amended 20/10/2016 Chief Financial Officer EM1636 Unconditional
Administratively Director, Legal and
18/01/2017 Amended date updated
Updated Compliance Services
Approved 13/11/2018 Chief Financial Officer EM1823 Unconditional
Approved 07/10/2020 Chief Financial Officer EM2047
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