Singapore legislation
Clause 25
Clause 25
Payment of premium contributions and late payment fees
(1)
Where a Scheme member is given notice in writing to pay a premium contribution under section 23(2) or an additional premium contribution under section 24(2) for any premium year or part thereof, the Scheme member shall pay to the Agency —
in the case of the premium contribution, on or before the date of payment specified in the Rules; and
in the case of the additional premium contribution, on or before the date of payment specified in the notice,the amount of premium contribution or additional premium contribution, as the case may be, that the Scheme member is required to pay for that premium year or part thereof.
(2)
Subject to subsection (3), if a Scheme member fails to pay the premium contribution or additional premium contribution or any part thereof in contravention of subsection (1) —
the Agency may, by notice in writing, impose on the Scheme member such late payment fee as the Agency may by Rules determine; and
the Scheme member shall pay to the Agency the late payment fee together with the unpaid premium contribution or additional premium contribution, as the case may be, on or before the date of payment specified in the notice.
(3)
The late payment fee referred to in subsection (2) shall not exceed the amount of premium contribution or additional premium contribution, as the case may be, owing by the Scheme member.
(4)
The amount of premium contribution or additional premium contribution owing by the Scheme member and the late payment fee shall be paid in such manner as may be specified in the Rules.
(5)
Without prejudice to any other remedy, any premium contribution, additional premium contribution or late payment fee payable under this Act shall be recoverable as a debt due to the Agency by the Scheme member.
(6)
Where the Agency has commenced any legal proceedings in a court to recover a premium contribution, an additional premium contribution or a late payment fee from a Scheme member, the Agency shall be entitled to claim costs on a full indemnity basis from that Scheme member.