Purpose

The Corporate Debt Management Policy has been updated to simplify the document – the authorisation levels for write-offs are now in the Scheme of Delegations, and duplicated text was removed.
The revised policy:
- Ensures our core principles – to prevent debt, and to support those in debt are fully embedded with an agreed standard across all debt types
- Empowers service areas to take such additional steps as appropriate for their income types and their debtors ??
- Is easier to understand
- Explains when and why we need to take recovery and enforcement action
The decision to approve the updated policy was taken in consultation with the Chair and Vice Chair of the Strategy and Resources Committee.

Decision

Approval of the updated the Corporate Debt Management Policy to take effect from 1 April 2025.

Alternative options considered

The existing policy was more difficult to understand and required updating to remove duplicate text and to ensure an agreed standard across all debt types.