Islamic Financial Services Act 2013 · s 23

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s 23Fees

(1)

Regulations may be made under section 271 to prescribe—

(a)

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

(b)

a processing fee to be paid by an applicant for authorization under section 9, of such amount, or calculated at such rate or in such manner as set out in the regulations.

(2)

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

(3)

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 late payment charge to be awarded to the Government in accordance with the rules of the court and the Government shall deal with the late payment charge awarded as provided in such rules.