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 cited as 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 – 2019

This is the official version of this Act as at 31 December 2019.

This Act has been revised by the Legislative Drafting Division from 2008 – 
2019 respectively 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.