table IS.3: Data-matching cases completed, and overpayments identified
Financial year1 | Number of cases completed | Overpayments identified – amount ($) |
---|---|---|
2006/2007 | 39,123 | 19,012,850 |
2007/2008 | 67,838 | 31,316,452 |
2008/2009 | 54,582 | 20,007,833 |
2009/2010 | 74,030 | 27,870,841 |
2010/2011 | 106,408 | 34,293,370 |
Note
- Financial years ended 30 June.
According to the report;
92% of current clients with balances owed are repaying on average $14.32 a week
This repayment applies to all balances owed which might include legitimate advances.
2 comments:
Once again, it's all common sense stuff and applied a little too late. I bet nobody is paying back interest on that money. I also bet nobody lost their HNZ house.
With the capability of computers one would think they could do this stuff almost automatically.
More efficient data matching is around the corner. These debt figures will be blown out of the water by the new process.
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