Malaysia Deposit Insurance Corporation Act 2011 s 88
s 88 Corporation may pay return or interest on obligatory payment in respect of protected benefit
Where the Corporation makes an obligatory payment under section 80, the Corporation may at its sole discretion pay, in addition to the amount the Corporation is obliged to pay, return or interest on that amount at a rate determined by the Corporation for the period commencing on the date of the filing of the petition for the winding up of the insurer member and ending on the date of the making of the payment by the Corporation, but the aggregate of the payments made under this section and section 80 in relation to a protected benefit shall in no case exceed such amount as prescribed under subsection 69(4).
Malay text (authoritative)
Perbadanan boleh membayar pulangan atau bunga atas bayaran wajib berkenaan dengan manfaat dilindungi
Jika Perbadanan membuat suatu bayaran wajib di bawah seksyen 80, Perbadanan boleh atas budi bicaranya sendiri membayar, sebagai tambahan kepada amaun yang Perbadanan berkewajipan untuk
membayar, pulangan atau bunga ke atas amaun itu pada suatu kadar yang ditentukan oleh Perbadanan bagi tempoh bermula pada tarikh pemfailan petisyen penggulungan anggota penanggung insurans itu dan berakhir pada tarikh bayaran dibuat oleh Perbadanan, tetapi agregat bayaran yang dibuat di bawah seksyen ini dan seksyen 80 berhubung dengan suatu manfaat dilindungi hendaklah dalam apa-apa hal tidak melebihi apa-apa amaun yang ditetapkan di bawah subseksyen 69(4).
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Find Act 720 on lom.agc.gov.my ↗
Text as at 21 July 2023 (LOM reprint); amendments made after that date may not be incorporated.
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).
