Bank Simpanan Nasional Act 1974 · Updated to 1 Dec 2011 · Part IV · Officers and Employees of the Bank
14D. Surcharge
Official textFrom Laws of Malaysia Online, unchanged
A person who is or was in the employment of the Bank may be surcharged if it appears to the Bank that the person—
Bank
“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
did not or has failed to collect any moneys owing to the bank for the collection of which he is or was responsible;
is or was responsible for any payment of money from the Bank which ought not to have been made or for any payment of moneys which is not duly approved;
is or was responsible, directly or indirectly, for any deficiency in, loss or the destruction of, any moneys, stamps, securities, stores or other property of the Bank;
being or having been an accounting officer, fails or has failed to keep proper accounts or records; or
has failed to make any payment, or is or was responsible for any delay in the payment of money from the Bank to any person to whom such payment is due under any contract, agreement or arrangement entered into between that person and the Bank.
20 Laws of Malaysia ACT 146
The Bank shall, before the person is surcharged, serve on him a written notice calling on him to show cause why he should not be surcharged.
If a satisfactory explanation is not received within fourteen days from the date of service of the notice under subsection (2), the Bank may surcharge against that person such sum as the Bank deems fit.
The Bank shall cause the Chief Executive to be notified of any surcharge made under subsection (3) and the Chief Executive shall thereupon notify the person surcharged.
Chief Executive
“Chief Executive” means the Chief Executive appointed under section 9 and includes any person appointed to act as the Chief Executive;
The Bank may at any time withdraw any surcharge in respect of which a satisfactory explanation has been received or if it otherwise appears that no surcharge should have been made, and the Bank shall immediately cause the Chief Executive to be notified of such withdrawal and the Chief
Executive shall inform the person surcharged of the withdrawal.
The amount of any surcharge imposed under subsection (3) and not withdrawn under subsection (5) shall be a debt due to the Bank from the person surcharged and may be sued for and recovered in any court at the suit of the Bank and may also, if the Bank so directs, be recovered by deduction from—
the salary of the person surcharged; or
the pension of the person surcharged, by equal monthly instalments not exceeding one-fourth of the total monthly salary or pension, as the case may be, of that person.
Terms defined in s 2
Bank
Defined · s 2“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
Chief Executive
Defined · s 2“Chief Executive” means the Chief Executive appointed under section 9 and includes any person appointed to act as the Chief Executive;
Part V
Provisions Relating to the Carrying on of Business of the Bank
Part VI
Financial Provisions
Part VII
General
Part VIII