Section 32
Levies
of Labuan Financial Services Authority Act 1996
(2)
For the purpose of subsection (1), the Minister may, by order published in the Gazette, specify such rates of levy as is necessary to meet the administrative and operating costs of the Authority; and different rates may be specified in respect of different classes of
Labuan financial services.
(3)
The amount of any levy payable under this section shall be recoverable as a civil debt due to the Authority.
(4)
The Minister may make regulations providing for—
(a)
the payment of levies under this section;
(b)
subject to the provisions relating to secrecy under any written law relating to offshore financial institutions, the keeping, examination and audit of the accounts of the
Labuan financial institutions relating to the collection of such levies.
Power to impose and collect fee