s 59 Commencement of repayment of skills training loan
(1) It shall be the duty of a loan recipient to commence repayment of his skills training loan to the Corporation not later than the time period specified in the loan agreement.
(2) Notwithstanding subsection (1) and subject to the terms and conditions of the loan agreement entered into between the Corporation and the loan recipient under this Act, the Chief Executive, on application by the loan recipient made before the expiry of the specified time period referred to in subsection (1), may extend the period of time for the commencement of repayment of the skills training loan upon such terms and conditions as the Chief Executive deems fit to impose.
Malay text (authoritative)
Pemulaan pembayaran balik pinjaman latihan kemahiran
(1) Adalah menjadi kewajipan penerima pinjaman untuk memulakan pembayaran balik pinjaman latihan kemahirannya kepada Perbadanan tidak lewat dari tempoh yang ditetapkan di dalam perjanjian pinjaman.
(2) Walau apa pun subseksyen (1) dan tertakluk kepada termaterma dan syarat-syarat perjanjian pinjaman yang dibuat antara Perbadanan dengan penerima pinjaman di bawah Akta ini, Ketua Eksekutif, atas permohonan penerima pinjaman yang dibuat sebelum habis tempoh masa yang ditetapkan yang dirujuk dalam subseksyen (1), boleh melanjutkan tempoh masa bagi permulaan pembayaran balik pinjaman latihan kemahiran itu atas apa-apa terma dan syarat sebagaimana yang Ketua Eksekutif sifatkan patut dikenakan.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
