- Goods
or services shall only be provided on credit to a customer who has been
approved by the credit officer.
- A
register of debtors shall be maintained to record details of people or organisations
who have been approved to buy goods or services on credit from the agency.
- The credit
officer shall record the following information in the register:
- name
of debtor and address;
- date
credit extended and name of credit officer approving credit;
- description
of goods or services to be supplied on credit;
- credit
terms extended;
- details
of overdue amounts and recovery action taken.
- The credit
officer must ensure that the register is kept updated.