FAQ

General Guidelines for Debate

What happens if I fail to make a declaration or make a false declaration?

Failure to do so will have two consequences :- (1) Commission to publish the fact in the Gazette and send a report to the appropriate authorities. (2) You will also be guilty of an offence and liable upon summary conviction, to a fine of $15000 or to imprisonment for a term of one year.

What happens if I fail to make a declaration or make a false declaration?

How can I be reassured that my personal information will be kept confidential?

There are heavy confidentiality obligations with stiff criminal sanctions with up to three years imprisonment. This obligation lies not only with members and employees of the Commission but also third parties.

How can I be reassured that my personal information will be kept confidential?

What is the deadline for filing?

The deadline for the current filing is June 30, 2012. Filing after this period will be due June 30, 2014 if you remain a person in public life at that time.

What is the deadline for filing?

What if I cease to be a person in public life before the next filing?

You are still required to file within three months of ceasing to be a person in public life.

What if I cease to be a person in public life before the next filing?

What if I become a person in public life after June 30, 2012 am I expected to file?

Yes, you are still required to file within three months of becoming a person in public life.

What if I become a person in public life after June 30, 2012 am I expected to file?

What if I am working for my current ministry, department or agency for over 5 years?

Declare your present employer and all the positions held during that period.

What if I am working for my current ministry, department or agency for over 5 years?

Is a child who is at school abroad and works part-time to help in pay for food and board considered a dependent child?

If the child is partially maintained by the parents, then YES, he/she is a dependent child.

Is a child who is at school abroad and works part-time to help in pay for food and board considered a dependent child?

Is a child belonging to the spouse but living apart from the declarant considered a dependent child?

If he child is being supported by the declarant and spouse, then the child should be declared as a dependent.

Is a child belonging to the spouse but living apart from the declarant considered a dependent child?

Should I declare my secondary source of income e.g. weekend consultancy work?

Yes, all sources of income must be declared.

Should I declare my secondary source of income e.g. weekend consultancy work?

My wife/husband is now living apart, should I declare his/her sources of income?

Yes, you are obligated by law to declare the income(s) of your spouse.

My wife/husband is now living apart, should I declare his/her sources of income?

What if I am unable to ascertain the sources of income for my spouse?

Reasonable efforts must be made to ascertain this information. Failure to disclose may be subject to further enquires by the Commission to confirm you have taken all reasonable steps to obtain the information required. If the Commission is satisfied by your explanation you may be issued a Certificate of Compliance.

What if I am unable to ascertain the sources of income for my spouse?

What is meant by interest income?

Interest Income means all interest received on Savings; Fixed/Certificate of Deposits; Insurance policies and other interest bearing accounts. This also includes any interest earned on monies lent.

What is meant by interest income?

Should a loan be reported as “Income”?

No, loans are not income.

Should a loan be reported as “Income”?

Are “duty concessions” considered an income?

Duty concessions are considered benefits and should be declared as income. The value of the benefit should also be taken into consideration in deciding the vehicle’s value on page 11 “Other Assets”.

Are “duty concessions” considered an income?

Should I declare property held in a lease agreement including land held under the Conditional Purchase Lease Agreement?

ALL, property must be declared stating lot or parcel number, location and estimated or appraised value at the time of disclosure.

Should I declare property held in a lease agreement including land held under the Conditional Purchase Lease Agreement?

Should I declare property or other assets bought or jointly held with other family members?

YES, all property purchased jointly or otherwise, for and on behalf of family members or relatives must be declared.

Should I declare property or other assets bought or jointly held with other family members?

What about property received as a gift or inherited?

ALL property, whether inherited or received as a gift must be declared. Its estimated or appraised value must be given at the time of the declaration.

What about property received as a gift or inherited?

What does “additional investment” means?

Additional investment means money spent to improve the capital value of a property, for example additions to buildings or development work on land. Where sums have been spent to improve the value of a property, the amount spent should be reported.

What does “additional investment” means?

Do I need to get a formal valuation on property (ies) owned?

No, a valuation is not absolutely necessary if the declarant can otherwise provide a realistic estimate of its value. This can be ascertained through various means e.g. ascertaining information on valuations for similar properties.

Do I need to get a formal valuation on property (ies) owned?

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