Financial penalties payable into Consolidated Fund
28. Any financial penalty imposed on any person by the Authority under this Act and any interest payable because of section 29 —
(a)
are to be collected, and may be sued for and recovered by the Authority;
(b)
are to be treated as a debt due to the Government for the purposes of section 397 of the Insolvency, Restructuring and Dissolution Act 2018 and section 10 of the Government Proceedings Act (Cap. 121); and
[Act 40 of 2018 wef 30/07/2020]
(c)
are to be paid into the Consolidated Fund upon such collection or recovery,
and where the person has been registered under this Act, that person’s liability to pay is not to be affected by the person’s registration ceasing, for any reason, to be in force.