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Declaration Of Assets And Liabilities Form for Malaysia

Declaration Of Assets And Liabilities Form Template for Malaysia

A Declaration of Assets and Liabilities Form under Malaysian law is a legally binding document used to promote transparency and prevent corruption among public officials, corporate officers, and individuals in positions of trust. The document requires comprehensive disclosure of personal assets, financial interests, and liabilities in compliance with the Malaysian Anti-Corruption Commission Act 2009 and related regulations. It serves as an important tool for monitoring wealth accumulation, preventing conflicts of interest, and maintaining integrity in public service and regulated industries.

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What is a Declaration Of Assets And Liabilities Form?

The Declaration of Assets And Liabilities Form is a mandatory requirement under Malaysian law, particularly enforced through the Malaysian Anti-Corruption Commission Act 2009 and various public service regulations. This document must be submitted upon appointment, periodically during service, and when significant changes in assets occur. It requires detailed disclosure of real estate, vehicles, financial assets, business interests, and all forms of liabilities. The form serves multiple purposes: preventing corruption, identifying potential conflicts of interest, monitoring unusual wealth accumulation, and maintaining public trust in institutions. It is particularly crucial for public officials, senior corporate officers, and individuals in positions involving financial decision-making or public trust.

What sections should be included in a Declaration Of Assets And Liabilities Form?

1. Personal Information: Declarant's full details including name, IC number, position, department, and contact information

2. Declaration Period: Specification of the time period covered by the declaration

3. Income Details: Monthly salary, allowances, and other sources of regular income

4. Real Estate Properties: Details of all owned properties including location, value, and ownership percentage

5. Vehicles: Information about owned vehicles including make, model, registration number, and current value

6. Financial Assets: Bank accounts, investments, shares, bonds, and other financial instruments

7. Business Interests: Details of any business ownership, directorships, or partnerships

8. Liabilities: All debts including mortgages, loans, credit cards, and other financial obligations

9. Statutory Declaration: Legal declaration of truth and completeness of the information provided

10. Verification Section: Space for official verification and receipt of the declaration

What sections are optional to include in a Declaration Of Assets And Liabilities Form?

1. Spouse's Assets and Liabilities: Required if declaring joint assets or if specifically mandated by the organization

2. Dependent Children's Assets: Required when dependents own significant assets or when specifically required by regulations

3. Overseas Assets: Details of assets held outside Malaysia, if any

4. Trust Properties: Information about properties held in trust or as trustee

5. Previous Declaration Reference: References to previous declarations if this is an update or annual filing

6. Changes in Assets: Section highlighting significant changes from previous declarations

What schedules should be included in a Declaration Of Assets And Liabilities Form?

1. Schedule A - Detailed Property List: Comprehensive list of all real estate properties with supporting documents

2. Schedule B - Investment Portfolio: Detailed breakdown of all investments, shares, and securities

3. Schedule C - Vehicle Documentation: Copies of vehicle registration cards and valuation reports

4. Schedule D - Business Ownership Documents: Company registration certificates and shareholding documents

5. Schedule E - Bank Statements: Recent statements from all declared bank accounts

6. Appendix 1 - Supporting Documents: Copies of relevant certificates, titles, and other supporting documentation

7. Appendix 2 - Valuation Reports: Professional valuation reports for high-value assets

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Declaration Form

Cost

Free to use
Relevant legal definitions



























Clauses




















Relevant Industries

Government Services

Public Administration

Financial Services

Banking

Insurance

State-Owned Enterprises

Public Listed Companies

Healthcare

Education

Defense

Law Enforcement

Judiciary

Local Government

Regulatory Bodies

Relevant Teams

Human Resources

Compliance

Legal

Corporate Governance

Internal Audit

Finance

Procurement

Treasury

Risk Management

Board Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Director

Board Member

Public Officer

Civil Servant

Department Head

Senior Manager

Financial Controller

Government Minister

Judge

Police Officer

Military Officer

Procurement Officer

Treasury Manager

State Official

Member of Parliament

Municipal Council Member

Bank Officer

Investment Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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