ACT Governments Debt Recovery Process Criticized: Inquiry Finds Flaws in Home Buyer Concession SchemeThe ACT governments aggressive debt recovery process for individuals deemed ineligible for stamp duty concessions has been heavily criticized in a legislative inquiry. The inquiry found that many people, who initially benefited from the Home Buyer Concession Scheme, were later hit with large repayment demands, including penalties and interest, often within short timeframes. This has caused significant distress and financial hardship. The committee released a report with fifteen recommendations to improve the schemes transparency and fairness. Many submitters expressed unhappiness with excessive penalty and interest rates. The ACT Finance Minister apologized for the distress caused and acknowledged the hardship experienced by many. The Opposition Leader criticized the governments handling of these debts and emphasized the need to improve the schemes administration to prevent similar situations in the future.

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