Purpose
The following statements detail the policies and procedures for dealing with commissions, commission rates, discounts and special arrangements.
Commission – Referrals
Referral commission, paid to a Business Readiness Consultant as a result of finance provided to a Deal Owner or Buyer, shall be in the first instance paid to the company. Business Readiness Consultant must disclose to Deal Owners and Buyers that they may be entitled to a referral commission form the finance provided. Failure to do so may make the claim invalid for the referral.
Referrals to another Business Readiness Consultant will attract a 80/20 arrangement, and a referral agreement found on the intranet site must be completed and signed by the referrer.
Business Readiness Consultant’ who successfully arrange finance will be paid a commission for such a referral. The payment of such commissions will be made via the pay system and therefore the appropriate tax will be deducted.
All Finance Referrals are to be directed to the companies own finance arm.
Commissions – Secret
Secret Commissions are illegal under the Crimes Act and any staff member accepting a secret commission is liable for dismissal. Any legitimate commission earned by Business Readiness Consultant will be properly accounted for by the company in the normal manner.