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Declaration Of Property in Financial Provisions Online

OBLIGATION TO PROPERTY DECLARATION

 

It is the duty and responsibility of each UPM staff to carry out the proclamation of  property declaration in accordance with regulation 9 of the Second Schedule to the Statutory Bodies (Discipline and Surcharge) Act 2000 (Act 605). All officers appointed to the service of the Statutory Body or at any time thereafter are required to declare in writing to the Disciplinary Committee through the Head of Department. All UPM staff are required to declare the property when:

a) First appointed to the service of the Statutory Bodies,
b) Required by the Government,
c) Acquire additional assets, and
d) Disposal of property.

 

"Property" also includes property owned by a spouse / child / held by any person on his behalf / spouse / child and "Property" means: -

  1. Real Estate
    a) Any form of cash that is deposited or deposited,
    b) Shares, shares, debentures, bonds or other securities, (including ASB, Unit Trust),
    c) Any form of trade, business or commercial license or permit,
    d) Any other movable property including all types of motor vehicles, jewelry and so on.

     

  2.  Immovable Properties
    a) Land including land occupied under a temporary occupancy license,
    b) Any kind of dwelling such as a house, flats, apartments or condos,
    c) Buildings include shop or shop space, office or shop space, and so on.

 

An officer must declare their property at least once in five years. For an officer who holds office as Head of Department is required to make a declaration of property when first acting as Head of Department and thereafter every three years during the term of office. The term of the property declaration is calculated based on the date the property declaration was made.

Managing property declarations is important and is required of all civil servants. Failure to disclose property may adversely affect a person's promotion and career progression. In addition, the property declaration document also serves as the main document to be reviewed in the event of allegations and investigations into allegations of corruption, embezzlement and misuse of civil servants.

The Property Declaration URL can be obtained through the Registrar's Office Website

Date of Input: 05/03/2020 | Updated: 29/04/2020 | syazaliyana

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