S.L. 123.87 Art. 7Allowable wages and tuition expenditure.

Expenditure shall constitute allowable wages and tuition expenditure if and to the extent that it meets all the following conditions:

(a) it is qualifying wages and tuition expenditure actually incurred by a company and is not reimbursed to or otherwise recoverable by it;

(b) it is an item of expenditure to which a letter of approval issued under rule 5 refers, which does not exceed the maximum qualifying wages and tuition expenditure for that item, and in respect of which any conditions that may have been made applicable in terms of rule 5(2) have been satisfied;

(c) it was incurred in the manner and for the purpose stated in the application made by the company under rule 4 or otherwise declared to the Corporation;

(d) it is correctly, clearly and separately recorded in the records of the company and supported by documentary evidence.