Fund frauds face $50 000 fine
(FP) (Minister of Finance Chris Sinckler)
Tue, August 21, 2012 - 12:08 AM
PEOPLE WHO TRY to rip off a Government fund set up five years ago to help low income earners whose homes were damaged by a catastrophe will be slapped with a stiff new $50 000 fine or five years in jail or both.
Minister of Finance Chris Sinckler is down to pilot an amendment to the 2007 Catastrophe Fund Act when the House of Assembly meets today at 10 a.m.
The legislation set up the Fund to provide financial aid to any low income earner who owns and occupies a chattel house (wood and wall) valued at not more than $125 000 where that house is damaged or destroyed by a catastrophe.
It was initially funded by annual contributions from financial year $2006- 2007 of $2.5 million voted by Parliament for not less than five years, buttressed by monthly contributions by every employed person and self-employed person of 0.1 per cent of the earnings on which that person pays NIS. (AB)
Please read the full story in today’s DAILY NATION, or in the eNATION edition.- Editor's Choice
- Most Read Stories Today
- DLP’s ‘snubbing’ of Benn not smart, says Wickham
- CRD, bond for Broomes’ attacker
- Taxi body’s head wants police to stop monkey tours
- Fighting for Flow
- Spectacular Hymnspeak
- YMCA to rise again
- AG: Youth must lead preparedness
Recent Comments
- Mr Psychotic commented on Not afraid to flog!
- Ann Lewis commented on Missing girl Shakira located
- Bim Bum commented on On the breadline
- Carl Harper commented on ONLY HUMAN: Time for Sinckler to go?
- ego evaluation commented on Mum, triplets move delayed
_medium-135x135.jpg)
Share your thoughts
Please sign in or register to post your comments.