Prior to giving a notice under section 343D(1), the Minister, in determining the circumstances of the overpaid person shall take into account the following matters:
(a) his or her personal and family circumstances;
(b) any statutory deductions that may affect his or her earnings or income;
(c) the amount of the overpayment;
(d) the period of time for which the overpayment is outstanding;
(e) the amount of net income or earnings of the overpaid person;
(f) the employment circumstances of the overpaid person;
(g) the amount of debt due to the overpaid person.