Section 26

any fee to be paid by an authorized person or a registered person in respect of its authorization or registration, establishment of any office or the annual fee; and

70 Laws of Malaysia

a processing fee to be paid by an applicant for authorization under section 9 or a person who has complied with paragraph 17(1)(a), of such amount, or calculated at such rate or in such manner as set out in the regulations.

Any fee paid to the Bank under this section shall be paid into and form part of the Federal Consolidated Fund.

Any unpaid fees may be sued for and recovered as a civil debt due to the Government and in addition, the court may order for a payment of a penalty for late payment up to an amount equivalent to twice the amount of the fees unpaid and costs of recovering the amount including but not limited to costs of legal proceedings.