In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 · 2020 Revised Edition · Part 2 · Confiscation of Benefits of Drug Dealing or Criminal Conduct
14. Interest on sums unpaid under confiscation order
Feedback & support(1)
If any sum required to be paid by a person under a confiscation order is not paid when it is required to be paid, that person is liable to pay interest on that sum for the period for which it remains unpaid.
confiscation order
Defined · s 2
“confiscation order” means an order made under section 6 or 7;
(2)
The amount of the interest is to be for the purposes of enforcement treated as part of the amount to be recovered from that person under the confiscation order.
(3)
The rate of interest under subsection (1) is to be at the same rate as a judgment debt.[11