In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Deposit Protection Act · 2023 Revised Edition · Part 4
Deposit Protection Act · 2023 Revised Edition · Part 4
Official textFrom Attorney General's Chambers, unchanged
Where the Corporation has computed the amount of premium payable by a member institution or any assessment year or part thereof under section 36 or 42, the Corporation shall give the member institution notice in writing of the amount of annual premium or the additional premium that the member institution is required to pay under this Act for that assessment year or part thereof.
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
assessment year
“assessment year”, in relation to the calculation and payment of premiums under this Act, means the period beginning on the first day of January and ending on the 31st day of December of each year or such other period as may be approved by the Minister;
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
member institution
“member institution” means any financial institution deemed to be a member institution under section 27 whose membership has not been cancelled under section 31 or terminated under section 32;
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