Malaysia legislation
Section 27
Section 27
(a)
the Perbadanan shall provide the Inland Revenue Board or a collection agent appointed under section 24—
(i)
a copy of the record kept and maintained under section 22;
(ii)
a certificate as may be prescribed signed by the Chief
Executive or an authorized officer of the Perbadanan certifying the amount of the educational loan to be recovered in respect of each recipient student, and the date the educational loan is due for repayment; and
(iii)
such other particulars as may be requested 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 recipient student 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 Perbadanan a copy of the record kept and maintained under subparagraph (b)(i) within such period as may be agreed between the Perbadanan and the Inland
Revenue Board or collection agent; and
(iii)
every three months commencing from the first collection of the repayments of the educational loans, pay to the
Perbadanan 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.
26 Laws of Malaysia ACT 566
(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 educational loans that have fallen due to the Perbadanan.
Lawful methods for collection of repayments of educational loans