Asset Declaration Form for Malaysia

Asset Declaration Form Template for Malaysia

The Malaysian Asset Declaration Form is a comprehensive legal document used for declaring personal assets, liabilities, and financial interests in compliance with Malaysian law and regulatory requirements. This document serves as a crucial tool for promoting transparency and preventing conflicts of interest, particularly important under Malaysian anti-corruption legislation. The form requires detailed disclosure of various assets including real estate, vehicles, financial investments, business interests, and liabilities, while adhering to the requirements set forth by the Malaysian Anti-Corruption Commission Act 2009 and related regulations.

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What is a Asset Declaration Form?

The Asset Declaration Form is a mandatory document required by various Malaysian organizations and government bodies to promote transparency and prevent corruption. It is used in accordance with the Malaysian Anti-Corruption Commission Act 2009 and related regulations, requiring individuals in positions of responsibility to declare their assets, liabilities, and financial interests. The form is particularly crucial for public officials, senior corporate executives, and individuals in regulated positions who must demonstrate financial transparency and absence of conflicts of interest. The document includes comprehensive details of personal wealth, including properties, investments, business interests, and liabilities, serving as both a preventive measure against corruption and a tool for financial accountability.

What sections should be included in a Asset Declaration Form?

1. Personal Information: Declarant's full name, identification number, position/role, and contact details

2. Declaration Statement: Formal statement declaring that the information provided is true and complete

3. Employment Information: Current employment details, including position, department, and length of service

4. Income Sources: List of all regular income sources including salary, business income, and other regular earnings

5. Real Estate Properties: Details of all owned properties including location, type, purchase price, and current market value

6. Vehicles and Movable Assets: Information about vehicles, machinery, and other significant movable properties

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

8. Business Interests: Details of business ownerships, partnerships, and directorships

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

10. Verification and Signature: Space for declarant's signature, date, and witness details

What sections are optional to include in a Asset Declaration Form?

1. Spouse and Dependent Information: Required if the declaration needs to include family members' assets

2. Overseas Assets: Required if the declarant owns assets in foreign countries

3. Trust and Nominee Holdings: Required if the declarant holds assets in trust or through nominees

4. Gift Declarations: Required for public officials to declare significant gifts received

5. Previous Asset Disposals: Required if significant assets were sold or transferred in the reporting period

6. Conflict of Interest Declaration: Required for public officials or when specifically mandated by employer

What schedules should be included in a Asset Declaration Form?

1. Schedule A - Property Details: Detailed breakdown of each property including registration numbers, titles, and encumbrances

2. Schedule B - Vehicle Registration: Detailed list of vehicle registration numbers, makes, models, and values

3. Schedule C - Financial Account Details: List of all bank accounts, investment accounts, and other financial holdings with account numbers

4. Schedule D - Company Information: Detailed information about business interests including registration numbers and shareholding percentages

5. Schedule E - Supporting Documents: List of required supporting documents such as property titles, vehicle registrations, and bank statements

6. Appendix 1 - Asset Valuation Certificates: Professional valuations for significant assets where required

7. Appendix 2 - Tax Returns: Copies of relevant tax returns to support declared income and 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
Clauses
Relevant Industries

Government and Public Service

Banking and Financial Services

Public Listed Companies

State-Owned Enterprises

Legal Services

Healthcare Administration

Education Administration

Defense and Security

Procurement and Supply Chain

Construction and Infrastructure

Energy and Utilities

Transportation and Logistics

Relevant Teams

Legal

Compliance

Human Resources

Internal Audit

Finance

Procurement

Corporate Governance

Risk Management

Administrative Services

Executive Office

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Board Director

Public Official

Senior Civil Servant

Department Head

Procurement Manager

Financial Controller

Government Minister

State Secretary

Municipal Council Member

Senior Manager

Compliance Officer

Treasury Manager

Project Director

Contract 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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