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Minister Responsible for Novopay, Steven Joyce, has announced that Cabinet has finalised funding arrangements for Education Payroll Limited for the 2014/15 year.
The customisations of the Novopay software have now been valued at $9.4 million. This takes the total value of the settlement paid by Talent2 to the Ministry of Education to between $29 million and $32 million.
Cabinet has also finalised the costs of the transition to and operation of the company for the 2014/15 year, and will make an additional appropriation of $8.7m to meet those costs.
- Steven Joyce