PBRF008: TEO to repay over-funding
This condition is imposed under section 159YC(2)(a) of the Education Act 1989.
If the TEO receives funding that is greater than it should have been, or that the TEO was not entitled to receive, the TEO must treat the amount of over-funding as a debt due to the Crown that:
a) is repayable to the TEC on demand; and
b) may be set-off against all or any funding, or any sum of money payable by the TEC to the TEO.
2 February 2015