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The office recommended in its report that more work be done to provide assurance about the payments. But Press said that “may not get us to the point of being able to put a single dollar figure on it”.
RNZ Checkpoint
Real estate agents were under fire in February for not repaying millions of dollars in wage subsidies, despite record property prices and a booming market. “It is fair to say that is not easy work to do,” he said. Evidence on the fraud risk of similar schemes that had been adopted overseas was also lacking, he said. “I don’t think anyone has been able . to put a definitive figure on what the level of abuse has been in those schemes.”
File image.
Photo: RNZ / Rebekah Parsons-King
An inquiry into how the scheme has been managed praised the speed at which the Ministry (MSD) approved funds when Covid-19 hit, but the Auditor-General s office says the MSD needs to do more to get public money back from businesses who should not have received it.
Principal performance auditor David Press told
Morning Report the subsidy scheme was put in place very quickly and on a large scale and that support was available to people at a time of crisis . and that was possible due to a high-trust approach that was used and there are some risks with a high-trust approach and we ve looked the steps that were taken to manage those risks and to mitigate them.