Malaysia legislation
Section 32
Section 32
Late payment charges
(1A)
In its application to an award the payment of which is subject to section 29A, subsection (1) shall be construed as if the reference therein to the amount awarded were a reference to seventy-five per cent of the amount awarded.
(1B)
Where, in the case of an award the payment of which is subject to subsection 29A(1), seventy-five per cent of the amount of the award is not paid or deposited on or before the due date in relation to the land in respect of which the award is made, the Land
Administrator shall pay on the amount paid under subsection (3)
or (4) of that section late payment charges at the rate of five per cent per annum from the due date until the time of payment or deposit of seventy-five per cent of the amount of the award.
(1C)
In this section “due date” in relation to any land means—
(a)
the date of taking possession of the land or a date three months after the service of a notice in Form H referred to in subsection 16(1) in respect of the land, whichever is the earlier; or
(b)
a date three months after the service of a notice in Form Lc referred to in paragraph 35(2)(c) or Form R referred to in subsection 58(1) or section 59.
(2)
Where any valuation is made under section 28 relating to any difference in area found on final survey, there shall be added to the amount of such valuation late payment charges thereon at the rate of five per cent per annum from the date at which possession was taken or compensation paid, whichever shall have been the earlier; and the
Land Administrator shall, as the case may require, either pay any such amount and late payment charges to the person interested, or obtain from him a refund thereof.
Meaning of “payment”