In total, the redress scheme amounts to about $2.4bn. This includes $1.76bn in debts that were wiped and and money given back to victims who paid false debts.

Thursday’s announcement of an extra $475m in compensation is in addition to the $112m awarded in 2020, meaning a total of $587m.

Sounds like most of the money was illegal unpaid debt, so to call it taxpayer’s money is not really accurate. No one else should have had a claim to that money in the first place.