icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
2 Sep, 2018 09:11

Australian worker accidentally overpaid by almost AU$500,000

Australian worker accidentally overpaid by almost AU$500,000

A public servant in Australia has been paid more than 100 times his normal salary as a result of a misplaced decimal point. He was meant to get a salary of $3,582 but found $360,700 in his account.

The mistake was revealed by the Northern Territory’s (NT) auditor-general, who put it down to human error.

“The cause of the overpayment was a combination of two different human errors, those being the erroneous initial data entry and a subsequent failure to adequately address [a system-generated alert],” the auditor-general's report said.

The worker, who was based in a remote area of the Northern Territory, returned the money four weeks later.

According to the report, the case is one of 743 overpayments made by government departments in the NT between July 2017 to January 2018. The incorrect payments totaled more than AU$1.6 million ($1.2 million), with AU$767,000 ($559,000) yet to be paid back.

READ MORE: Australia’s biggest bank charged fees to dead clients

“My review of the data related to salary overpayments highlights the necessity for the entity to be vigilant at all times,” the auditor-general said.

In response to the report, the Department of Corporate and Information Services said it processes 1.2 million payroll transactions annually, with overpayments representing about 0.2 percent of the total.

It added that had enacted several system enhancements to prevent large overpayments occurring in the future.

For more stories on economy & finance visit RT's business section