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Bad Debts Act 1990


SAMOA


BAD DEBTS ACT 1990


Arrangement of Provisions


1. Short title

2. Irrecoverable debts written off

Schedule


BAD DEBTS ACT 1990

1990 No. 5


AN ACT to write off certain debt and investment balances due to the Treasury Fund together with accrued interest thereon.

[Assent and commencement date: 30 July 1990]


1. Short title – This Act may be citedas the Bad Debts Act 1990.


2. Irrecoverable debts written off – (1) The debts, together with interest thereon, and investment balances due to the Treasury Fund as set out in the Schedule being considered to be irrecoverable are written off.
(2)Nothing in this Act operates to extinguish the liability of a debtor for payment of any debt, interest or investment balance written off by this Act.


SCHEDULE
(Section 2)


Debtors
Debt
Accrued interest
Total written off
ADVANCED ACCOUTS

Banana Board
109,723
109, 723
Cocoa Board
1,075,000
53,750
1,128,750
Cool Store
329,893
329,893
Copra Board
5,350,000
267,500
5,617,500
Food Processing Laboratory
411,844
411,844
Polynesian Airlines Ltd
6,152,043
6,152,043
Produce Marketing Division
181,041
181,041
Samoa Coconut Products Ltd
2,533,409
754,536
3,287,945
Samoa Feeds Limited
275,480
84,538
360,018
Samoa Forests Products Ltd
1,445,124
1,445,124
Samoa Veneer Products Ltd
984,211
984,211
Special Projects Development Corporation
4,301,699
4,301,699
Wisemans Samoa Limited
26,192
26,192
CAPITAL ACCOUNT

Polynesian Airlines Limited
2,370,378
2,370,378
Wisemans Samoa Limited
32,000
32,000




TOTAL:
25,578,127
1,160,324
26,738,451


REVISION NOTES 2008 – 2014


This is the official version of this Act as at 31 December 2014.


This Act has been revised by the Legislative Drafting Division from 2008 to 2014respectively under the authority of the Attorney General given under the Revision and Publication of Laws Act 2008.


The following general revisions have been made:

(a) Amendments have been made to conform to modern drafting styles and to use modern language as applied in the laws of Samoa.

(b) Amendments have been made to up-date references to offices, officers and statutes.

(c) Insertion of the commencement date (being the date of assent)

(d) Other minor editing has been done in accordance with the lawful powers of the Attorney General.

(i) “shall be” changed to “is”
(ii) “notwithstanding” changed to “despite”
(iii) “hereby” removed
(iv) Authorising section of the Schedule to the Act is inserted in the Schedule (under its heading“Schedule”),
(v) Correction of typographical errors (e.g. in section 1, for “cites” substituted “cited”).

There were no amendments to this Act since the publication of the Consolidated and Revised Statutes of Samoa 2007.


This Act is administered by
the Ministry of Finance.


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