3 News reports:
The Government will take complete control of Novopay, with its owners Talent2 exiting as the provider of the education payroll system.
3 News has learned Talent2 will pay a cash settlement worth millions of dollars to the Government.
The control of Novopay will be transferred to a Government-owned entity, and is likely to be renamed.
It follows disagreements between the Government and Talent2 over the Novopay contract.
Talent2 is the Australian company behind the flawed payroll system.
It is also understood all Novopay staff will transfer to the new government entity and there will be no job losses.
The Government will also take control of the software as part of the negotiated settlement.
The overall settlement package is thought to be worth somewhere between $18-22 million.
I think that is a very good outcome, and very pleasing to see a significant settlement in favour of taxpayers.