Waste of public money

What is Serious and Substantial Waste of Public Money?

Serious and substantial Waste of Public Money, according to the Auditor-General, refers to "... the uneconomical, inefficient, or ineffective use of resources, authorised or unauthorised, which results in a loss/wastage of public funds/resources. In addressing any complaint of serious and substantial waste regard will be had, to the nature and materiality of the waste."