Date of Tabling: 19 December 2002
The matter of renegotiating the repayment terms of customers’ debts and then
continuing to trade with them after they have defaulted on their repayments was
raised in the Auditor General’s Report to Parliament for 2002 – Volume 1.
It is the Committee’s desire to be informed about:
the Commission’s practice of allowing customers to accumulate debts and then
renegotiating repayment terms, which could be seen as providing them with a
the Commission’s ability to effectively manage its debtors and minimise the
risk of financial loss through continuing to trade with customers who have
defaulted on their repayments.
The inquiry by the Committee is to focus on the findings presented in the audit
The Committee will seek and consider the views of the relevant authorities and
provide recommendations for improved trading practices and financial management
of its customers’ accounts.