Question - Finance

Question

Number
352
Subject
Finance
(Debt Management)
Asked by
Barry, Chiaka
Directed to
Minister for Finance
Question asked on
14 April 2025
Answer due on
08 June 2025
Question asked
  1. In relation to debt management arrangements across all ACT programs, where a debt holder advises they are homeless or destitute, is there any process in place to escalate the management of the debt, or ensure the individual has access to case management or financial counselling?
  2. Is a debt holder's capacity to pay a determinant in the establishment of the quantum to be repaid in a repayment plan.
  3. Is there a maximum repayment period for the repayment of a debt under a repayment plan.
  4. If a repayment plan under the current policy settings results in repayments larger than an individual's capacity to repay, what measures are in place to recover the debt.
  5. Under what circumstances would (a) interest be waived on a debt and (b) all or part of the principal be waived on a debt.
  6. What is the process for an individual to seek waiver of a debt.
  7. Under what circumstances would the ACT defer the recovery of a debt.
  8. If a debt is deferred, does the ACT charge interest on the debt during the deferral period.
  9. What is the process for an individual to seek deferral of a debt.
  10. Does the ACT offer alternative methods of repayment of a debt such as working off the debt, other than for debt incurred due to a traffic offence.
  11. Are there any discretionary funds available to be applied to a debt held by a homeless or destitute debtor.