s 7AA Recovery of financial support
7AA.—(1) Where any person fails to comply with any condition to which any financial support given by the Board pursuant to paragraph 4A of the Second Schedule is subject, the Board may recover from the recipient of the financial support, the financial support or the amount of the financial support to which the condition relates (as applicable) (called in this section the claim amount) as a debt due to the Board. (2) The Board may at any time give written notice to the recipient to pay the claim amount to the Board, in the manner specified in the notice and within 30 days after the date of service of the notice or any later time that the Board may allow in a particular case (called in this section the payment period). (3) If any part of the claim amount is not paid by the recipient within the payment period, the recipient must pay to the Board, in addition to the claim amount not paid, interest at the prescribed rate on the outstanding claim amount for the period calculated from the end of the payment period to the date the claim amount is paid to the Board in full (called in this section the interest). (4) The Board may remit or refund the whole or any part of the claim amount or interest.[Act 8 of 2026 wef 29/05/2026]