SERHA – $1.3 Billion owed to creditors in breach of the Financial Administration and Audit Act

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Auditor General's Findings

At March 2012, the payables report showed the sum of $1.3 billion owed to creditors.

Of this amount, $607 million was outstanding for more than 90 days, in breach of the FAA Act – Regulations.

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Permanent Secretary (current): Dunstan Bryan

Breach Category: Resource Management

Permanent Secretary (at breach):

Breach Type: Poor Loan Management

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