Serious boost for fraud amid justice initiatives

Serious boost for fraud amid justice initiatives
Fraud prevention gets more funding in Budget 2022. (Image: Getty)
Victoria Young
The Serious Fraud Office has received a chunky funding boost in Budget 2022, with targeted funding allocated for the prevention of fraud, as well as accommodation, IT and recruitment.  The agency, which is forecast to receive $13.9 million for the 12 months to June 2022, has been allocated another $18.8m over four years. This averages to a $4.72m boost each year.  The additional funding as part of a wider “justice cluster” includes operational funding next year of $1.79m for prevention, $463,000 for accommodation, $257,000...

More Law & Regulation

Govt capital-market reforms decisions due in months
Economy

Govt capital-market reforms decisions due in months

Finance industry insiders have expressed concern about the pace of progress.

Auckland financial adviser faces charges for alleged 'tombstoning' scheme
Law & Regulation

Auckland financial adviser faces charges for alleged 'tombstoning' scheme

An Auckland financial adviser who allegedly received $260,937 in commission from applying for health and life insurance for non-existent people has been charged with forgery and had his licence cancelled.Le Zhou, also known as Eric, was arrested in July and is facing three repres...

Staff reporters 27 Aug 2025
ComCom taking Westpac to court over CCCFA breach
Finance

ComCom taking Westpac to court over CCCFA breach

More than 14,000 Westpac customers affected by CCCFA breach, ComCom said.

Garth Bray 25 Aug 2025