Purpose and Scope

The ANU Entrepreneurship Club is committed to responsible financial management and the ethical use of resources. This Purchase Policy outlines the guidelines and procedures for all club-related expenses and the use of company-issued cards.

This policy applies to all members of the Executive and any individuals authorised to make purchases on behalf of the club.

Company-Issued Cards

• Daily Limit: Each company-issued card has a daily spending limit of $1,000 per user.
• Eligibility: Cards are issued to all members of the Executive unless otherwise decided by the Trustees of the Club.
  • Trustees: The Trustees are the Associate Vice President Finance, Associate Vice President Operations, and the President.

Principles of SSAF

All financial transactions must adhere to the principles of SSAF and the following:

1. Sustainable: Purchases must align with the long-term financial sustainability of the club.
2. Accountable: All spending must be properly documented and accounted for.
3. Appropriate: Purchases must be relevant to club operations and objectives.

Restricted Spending

Club funds must not be used for:

• Personal expenses.
• Purchases of tobacco products.
• Transactions not related to club activities or objectives.

Note: ANU and the ANU Entrepreneurship Club do not promote or support the use of tobacco products.

Approval Process

• Team Expenses:
  • All team-related expenses must be made in consultation with the Associate Vice President Finance.
  • Expenses greater than $100 require explicit approval from the Associate Vice President Finance or the President.