FAQ: Omnibus



 
Q
What is an omnibus allowance?

A An omnibus allowance is a company travel allowance to be utilized by nominated staff members of a particular company.

The limit that can be approved by Master Currency without SA Reserve Bank permission is R2 million per company per calendar year.

An amount above R2 million must be approved by the SA Reserve Bank. An application by the company can be made to MC on an official company letterhead with full motivation and a proposed travel schedule.









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