Malaysia legislation
Section 61
Section 61
Recovery and collection of repayments of skills training loan
(a)
the Corporation shall provide the Inland Revenue Board or a collection agent appointed under section 58—
(i)
a copy of the record kept and maintained under section 54;
(ii)
a copy of the notice of loan repayment issued under section 60; and
(iii)
any other particular as may be requested for by the Inland Revenue Board or collection agent; and
(b)
the Inland Revenue Board or the collection agent shall—
(i)
keep and maintain a record of the collection of the repayments made in respect of each loan recipient in such manner and containing such particulars as the Inland Revenue Board or collection agent deems fit and necessary to show the true state of affairs of the collection of the repayments;
(ii)
furnish the Corporation with a copy of the record kept and maintained under subparagraph (i) within such period as may be agreed between the
Corporation and the Inland Revenue Board or collection agent; and
(iii)
not later than the first working day of the following week or month or every quarter of the calendar year as may be agreed between the Corporation and Inland Revenue Board or collection agent, commencing from the first collection of the repayments of the skills training loans, pay to the
Corporation the total sum of repayments collected under this Act together with such returns as the
Inland Revenue Board or collection agent may receive on the sum so collected.
(2)
The Inland Revenue Board or collection agent, in its sole discretion, may devise such administrative methods, procedures and processes to facilitate the collection of the repayments of skills training loans that have fallen due to the Corporation.
Skills Development Fund 37
Lawful methods for collection of repayments of skills training loan