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

ASB's $35.5m mystery payout to customers
Markets

ASB's $35.5m mystery payout to customers

CBA reveals A$33m remediation provision for ASB customers ahead of A$10b expected result.

Christchurch Casino admits to AML breaches
Law & Regulation

Christchurch Casino admits to AML breaches

Christchurch Casino has admitted to a raft of anti-money laundering compliance failures and agreed to a proposed $5.06 million penalty.The Department of Internal Affairs (DIA) said on Friday that as part of the settlement, Christchurch Casino admitted all seven causes of action i...

Gregor Thompson 01 Aug 2025
Mass timber offices approved, gravel pit 'goneburger'
Infrastructure

Mass timber offices approved, gravel pit 'goneburger'

The planned $100m development became a flashpoint for critics of the RMA.

Oliver Lewis 01 Aug 2025
Bathurst vs Talley's: battling on
Markets Part 3

Bathurst vs Talley's: battling on

Bathurst turned back to Asian investors to raise capital this year.

Pattrick Smellie 31 Jul 2025