- Goods
or services shall only be sold at the prices set out in the Schedule of
Prices.
- Any
proposed changes in prices must be submitted through the Ministry of
Finance to Cabinet for approval unless there is a revenue retention arrangement with the
Minister for Finance.
- Where there is a revenue
retention arrangement, fees may be increased in accordance with Finance
Instruction 32(7)
Credit Policy
- Where
goods or services are sold on credit, the credit officer must
ensure the customer meets the following criteria:
o
provision of contact addresses;
o
valid identification(as a representative of the
company);
o
no previous arrears;
o
provision of guarantor or referees.
- Credit
information shall be kept and properly filed by the credit officer.
Credit approval shall only be given by the credit officer.
- For
credit sales, the sales officer shall prepare a sales invoice and
delivery docket (if delivery is required). The original invoice shall be
handed to the purchaser and the copies retained.
- For
local sales, the credit period will be a maximum of 20 days from the issue
of the sales invoice. For overseas sales, the credit officer may
approve that the credit period be extended to 40 days.
- The
credit officer must maintain a debtors register and adhere to the
debt recovery procedures in accordance with Part 9 of the Manual.