Yukon Workers' Compensation Health and Safety Board

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Policies

Policy FA-07 - Retention of Money and Write Offs

Effective Dates

January 1, 2015 and still in effect

Series

Finance and Administration

General Information

On occasion, Yukon Workers’ Compensation Health and Safety Board (YWCHSB) purchases goods and services from vendors, service providers, and other entities that owe a debt or obligation to YWCHSB. By applying this policy, YWCHSB may retain, as a set off, the entire amount (or a portion of the entire amount) that would otherwise be paid to a person (such as a vendor, service provider or other entity), in satisfaction of the debt or obligation owed to YWCHSB.

In cases where YWCHSB cannot recover a debt or obligation owed to it, it can write it off by applying this policy.

Purpose

This policy clarifies when and how YWCHSB will retain money by way of set off, and when and how YWCHSB will write off a debt or obligation.