Write-off, refunds and ex gratia payments

 

1)      Subject to this or any other Act, the Minister may –

(a)    write off losses in respect of public money, state assets and agency assets;

(b)    approve refunds of public money; and

(c)    approve ex gratia payments of public money.

 

2)      The power to write off losses includes the power to abandon or discontinue the recovery of amounts of revenue, debts and overpayments.

 

(Financial Management Act 2004 s(34))