Section 249 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Penalties due to Corporation in respect of overpayments

249 Penalties due to Corporation in respect of overpayments (1) The following penalties are payable to the Corporation by a person who receives an overpayment from the Corporation: (a) a penalty of 10% of an overpayment if the overpayment is made as a result of a failure by the person to inform the Corporation of any matter that the person ought to have known was relevant to the payment: (b) a penalty of up to 3 times the overpayment if the overpayment is made as a result of an incorrect statement knowingly made by the person on any matter relevant to the payment for the purpose of receiving a payment to which the person was not entitled. (2) The liability to pay the penalty is in addition to the liability to repay the overpayment. Compare: 1998 No 114 s 321