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Why is the payment recoverable over six fortnightly payment periods?

April 26, 2017fortnightly payment periods recoverable

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Why is the payment recoverable over six fortnightly payment periods?

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The period of six fortnightly periods is a balance between claiming the money back in a reasonable amount of time and not leaving customers in financial difficulties. It should be noted, however, that recovery of the loan will be in addition to any other deductions that are currently in place such as Social Fund or overpayments.