EQT004: TEO to repay over-funding


If the TEO receives funding that is greater than the amount it should have been, or that the TEO was not entitled to receive, then the TEO must treat the amount of over-funding received as a debt due to the Crown that:
a) is repayable on demand by the TEC; and
b) may be set-off against all or any funding, or any sum of money payable by the TEC to the TEO.  

  • Last changed: 19 February 2016
  • Last verified: 19 February 2016