Debt Collection Specialists | Sydney | LCollect
Debt Collection Agency | LCollect

Debt Collection News


At LCollect we believe that knowledge is power. Every month our debt collection blog gives you practical tips, stories and news from around Australia and the world.

Centrelink attempts to recover $2.8 billion in debts

Tuesday, April 10, 2012 - Posted by Philip Harvey

The Federal Government has used collection agencies in attempt to rein in outstanding debts. To date $500m has been referred and $123m has been recovered (success rate of approx 24%). The largest categories of outstanding payments are from the Family Tax Benefit and Parenting Payments, representing $1.6 billion of the outstanding debts.

Interestingly $1m was spent on surveillance of clients over 18 months with 1 in 3 cases resulting in no further action.

Centrelink received over 158,000 tip offs about possible fraud on its tip off line with a little of 2,400 being followed up - approximately 1.5% of all tip offs. Of these, A little over 1,400 resulted in payments being cancelled - less than 1% of all tip offs. Approximately 3,000 payments resulted in benefit payments being reduced.


Recent Posts


Tags


Archive

Copyright © LCollect 2018 | All Rights Reserved | Licensed Mercantile Agent License #409661517 | ABN 44 089 892 688 |
Australian Credit Licence #430659
HomeSite Information | Privacy Policy