Part 6
Management of the Scheme
General administration
249Penalties due to Corporation in respect of overpayments
The following penalties are payable to the Corporation by a person who receives an overpayment from the Corporation:
- 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:
- 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.
The liability to pay the penalty is in addition to the liability to repay the overpayment.