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Section 25

Withdrawal of surcharge

of Labuan Financial Services Authority Act 1996

ActIn forceProvision 30 of 75
Section 25

Notwithstanding subsection 23(3) and section 24, the Authority 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 Authority shall forthwith notify the person surcharged of the withdrawal.