❓ Mr. L'Estrange inquires about the Bond Assistance Loans provided by the Department of Communities, Housing, seeking data on declined applications and the reasons/amounts for loan write-offs. The Department provides figures for declined applications and a breakdown of write-offs until March 2019.
AnsweredQoN 5645Legislative Assembly
Asked
15 October 2019
Member
Portfolio
Housing; Veterans Issues; Youth; Asian Engagement
QuestionView source ↗
I refer to the Bond Assistance Loans provided by the Department of Communities, Housing, and I ask: (a) Between 1 January 2017 and 1 August 2019, how many applications for a Bond Assistance Loan were declined by the Department, with no conditional approval granted; and (b) For what reasons are loans that have not been repaid, written off: (i) Can you provide a breakdown of the total amount (in dollars) written off for loans between 1 January 2017 and 1 August 2019, according to each reason?
AnswerView source ↗
Answered
28 November 2019
Responded by
Minister for Housing; Veterans Issues; Youth; Asian Engagement
Response time
14 days
(a) 387.
(b) In accordance with section 48 of the Financial Management Act 2006 and Treasurer’s Instruction 807 , the Department of Communities will write-off Bond Assistance Loan debts in the following circumstances:
(i) The table below provides a breakdown of the total amount (in dollars) for loans written off between 1 January 2017 and 31 March 2019.
Reason
Value ($)
Uneconomical to pursue < $50
6,540.50
Bankruptcy
55,878.97
Deceased
167,850.68
Debt Collection Agency > 12 months
1,294,928.81
Total
1,525,198.96
Bond Assistance Loan debts written off between April 2019 and August 2019 are currently being reviewed. This process occurs quarterly.
(b) In accordance with section 48 of the Financial Management Act 2006 and Treasurer’s Instruction 807 , the Department of Communities will write-off Bond Assistance Loan debts in the following circumstances:
(i) The table below provides a breakdown of the total amount (in dollars) for loans written off between 1 January 2017 and 31 March 2019.
Reason
Value ($)
Uneconomical to pursue < $50
6,540.50
Bankruptcy
55,878.97
Deceased
167,850.68
Debt Collection Agency > 12 months
1,294,928.81
Total
1,525,198.96
Bond Assistance Loan debts written off between April 2019 and August 2019 are currently being reviewed. This process occurs quarterly.
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