Content

To write off debts in accordance with the
attached schedules as per the above delegation.

Reasons for the decision

Writing off debt is part of the process of
ensuring that cost effective arrangements are in place for the
management of debt. Failure to write off debt once it is considered
irrecoverable will lead to increased expenditure on the debt
management function. It can also lead to a potential misstatement
of debtors thus reducing the quality of financial information. In
addition, time spent on irrecoverable amounts is likely to reduce
the overall collection rates as less time is utilised on
collectable amounts. Should a future opportunity arise whereby a
written of debt can be collected then it can be written back on so
collection can
recommence.

Alternative options considered

None - all alternative recovery routes have
been unsuccessful.