Update on Deadline for Filing of Declaration of Assets Forms
Please be advised that the deadline for filing of Declaration of Assets Forms has been updated in accordance with the Circular dated 05 November 2019 issued by the Prime Minister’s Office as attached.
The Declaration of Assets (Amendment) Act 2019
The Declaration of Assets (Amendment) Act 2019, gazetted on 06 July 2019, came into force, upon proclamation, on 22 August 2019. The Amendment Act, inter alia:
(i) provides for a wider definition of “assets”;
(ii) excludes judicial officers from making any declaration;
(iii) defines and makes provision for a prescribed list for “State-owned Enterprises”;
(iv) provides new delay for the declaration of assets and liabilities; and
(v) revokes the Declaration of Assets (Prescribed Forms) Regulations 2019.