Why won’t WEA guarantee that every accredited exporter will meet its financial commitments?
The new wheat marketing system’s accreditation processes are designed to give growers confidence that they are dealing with companies of sound financial standing. WEA must be satisfied that applicants meet the criteria to an appropriate standard for the purposes of their specific export proposal. All accredited companies have been through a stringent probity and performance tests during the assessment. This included an assessment of their financial resources and capability and risk management strategies. Accredited exporters are also required to notify WEA of any changes that are likely to affect their accreditation. WEA will also be conducting financial audits, as necessary, to avoid or minimise risks. If an exporter is not complying with its accreditation conditions, including meeting grower payments, WEA has the power to cancel its accreditation. WEA also has the flexibility to determine whether it is better to allow a company to continue its accreditation while it implements arrang
Related Questions
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- Why won’t WEA guarantee that every accredited exporter will meet its financial commitments?
