76
CurrentWriting off bad debts
Part 8Financial Management
Division 1Funds, expenditure and investments
76 Writing off bad debts
A council may write off any debts owed to the council – if there are no reasonable prospects of recovering the debt; or if the costs of recovery are likely to equal or exceed the amount to be recovered.
A council must not write off a debt unless the general manager has certified – that reasonable attempts have been made to recover the debt; or that the costs of recovery are likely to equal or exceed the amount to be recovered.
This Act’s bill:Explanatory notesSecond reading speech
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