Generated Dec 14, 2019, 12:44 AM
To increase take-up of efficient electronic payment methods and reduce cheques.
Electronic payment methods provide significant opportunities to maximise savings through the elimination of inefficient paper-based processes, and benefit suppliers and individuals through more timely payments.
Purchasing Cards (PCards) are a cost effective payment method for low value, high volume procurement of goods and services, and the NSW Government is committed to using PCards for such expenditure. Cheque payments, particularly for procurement related purposes, are inefficient and out of step with modern-day administration.
Accordingly, the Government has imposed obligations on agencies to advance electronic payment reform, including achieving the following goals by the end of 2017:
To ensure the Government’s commitments are fulfilled, this policy stipulates requirements for agencies, set out at Tab A. The Government’s commitments are summarised at Tab B.
The NSW Procurement Board will submit an annual report to the Cabinet Standing Committee on Expenditure Review on progress in electronic payment reform commitments including savings achieved.
This policy is not intended to provide guidance to agencies on the financial management aspects of electronic payment. For such guidance, agencies are referred to relevant provisions of the Public Finance and Audit Act 1983 and the Public Authorities (Financial Arrangements) Act 1987, Treasurer’s Directions 205.01 - 205.08, and TPP 05-01: Credit Card Use and Best Practice Guide. The Best Practice Guide is currently under review and will be replaced in the near future.
The policy applies to –