Section 11
of Sabah Economic Development Corporation Conduct And Discipline Rules 1992
Section 11
(1)
For the purpose of these Rules the expression "serious pecuniary indebtedness"
means the state of an employee's indebtedness which, having regard to the amount of debts incurred by him, has actually caused serious financial hardship to him; and without prejudice to the general meaning of the said expression, an employee shall be deemed to be in serious pecuniary indebtedness –
(a)
where he is a judgment debtor and the judgment debt has not been settled within one month of the date of the judgment; or
9
(b)
where he is a bankrupt or an insolvent wage earner, as the case may be, for so long as any judgment against him in favour of the Official Assignee remains unsatisfied.
(2)
Serious pecuniary indebtedness from whatever cause other than the result of unavoidable misfortune not contributed to in any way by the employee himself shall be regarded as bringing the Corporation into disrepute and shall render him liable to disciplinary action.
(3)
If serious pecuniary indebtedness which has occurred is the result of unavoidable misfortune, the Corporation may give the employee such assistance as the circumstances appear to warrant.
(4)
If an employee finds that his debts cause or are likely to cause serious pecuniary indebtedness to him, he shall forthwith report this fact to the Corporation.
(5)
An employee who fails or delays in reporting his serious pecuniary indebtedness or who reports the same but fails to disclose its full extent or gives false or misleading account thereof, shall be guilty of a serious breach of discipline (whatever the first cause of the indebtedness may be), and shall render himself liable to disciplinary action.
(6)
As long as an employee is in serious pecuniary indebtedness he may be disqualified for promotion or acting in a higher appointment or covering another post in addition to his duties.
(7)
Where an employee's debts amount to serious pecuniary indebtedness but he has not been adjudged a bankrupt or an insolvent wage earner, his case shall be reviewed annually by the Corporation.
Report of serious pecuniary indebtedness, etc. from courts or Official Assignee.