Singapore legislation
Clause 17
Clause 17
New sections 26A and 26B
The principal Act is amended by inserting, immediately after section 26, the following sections:“Recovery of sums payable26A.—
Where any fee, contribution, financial penalty or other sum payable under this Act remains due and unpaid by a licensee, the Council may require the licensee to pay interest thereon at the prescribed rate, and any such fee, contribution, financial penalty or other sum, and any interest thereon, may be recovered by the Council in any court of competent jurisdiction as if they were simple contract debts.(2) The licensee’s liability to pay shall not be affected by his licence ceasing (for any reason) to be in force.Moneys recovered or collected by Council26B.—
All moneys recovered, and fees, charges, security deposits, performance bonds and composition sums collected under this Act, other than licence fees and financial penalties, shall be paid into and form part of the moneys of the Council.(2) All licence fees and financial penalties collected under this Act shall be paid into the Consolidated Fund.”.