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VISION
Leader in Public Asset Management.

MISION
To plan, monitor and ensure policy compliance of asset management, public fund and office-bearer including department vehicles are implemented efficiently and effectively.

OBJECTIVE

  1. To ensure policies and regulations related to asset management and public fund remain relevant.
  2. To generate income through outright disposal of the Federal land, building and facilities.
  3. To ensure Ministries and Departments manage assets and public funds in a prudent and orderly manner.
  4. To ensure the licensed gaming activities are conducted in a controlled environment in accordance with regulations.
  5. To ensure the management of office vehicles and department are implemented efficiently and systematically.

 

FUNCTION

  1. Planning and management of Government's asset policy.
  2. Planning and execution of the monetization of Federal land, buildings and facilities through outright disposal.
  3. Formulation of policy, control and supervise the management of public funds in relation to trust accounts, write-offs, advance payments and miscellaneous, compensation, revenue refunds, determination on expenses rates for non-government staff and gaming activities.
  4. Management of the Office-Bearer Official Car and the Department Vehicle.

 

CUSTOMER CHARTER

  1. To prepare Annual Report of Federal Government's Movable Asset Management within 2 months from the date of receipt of reports.
  2. To process applications of assets disposal and write-off within 2 weeks from the date of receipt for application with complete documentation.
  3. To arrange applications to establish the Trust Fund (Section 10 of the Financial Procedure Act 1957) within two months.
  4. To arrange the establishment of the Trust Account(Section 9 of the Financial Procedure Act 1957) within 1 month.
  5. To arrange the repayment of Government (AP87 (b)) within 1 month.
  6. To arrange the application of write-off and surcharge within 3 weeks.
  7. To manage compensation payment / damages within 3 weeks.
  8. To process the application for Advance Payment under the Treasury Instructions (AP55) within 7 working days.
  9. To process the application for Advance Payment under the Treasury Instructions (AP59) within 14 working days.
  10. To process the application for Advance Payment under the Treasury Instructions (AP327 (b)) within 14 working days.
  11. To process the application for Overseas school deposit/fees within 7 working days.
  12. To process the application for Miscellaneous Advance Payment within 3 working days.
  13. To process the application for Garnishment within 30 working days.
  14. To process the application for the Rates of payment to Non-government staff within 14 working days.
  15. To process the application for the Rates of revenue within 3 working days.
  16. To process the application for Exemptions of Medical and Valuation fees within 14 working days
  17. To process the application for Refund of Unclaimed Monies to the respective agency within 14 working days.
  18. To process the application for Special approval on Vehicle Loans within 7 working days.
  19. To process the application for Special approval on Computer Loans within 3 working days.
  20. To process the application for exemptions of KWAP contributions within 2 weeks.
  21. To process the application for Claims on mileage/travel expenses under the Treasury Instruction AP100(a) within 3 working days.
  22. To process the application to purchase of official cars during retirement (option to purchase) within 1 month.
  23. To process the application for Office-Bearer Official Car (KRJ) within 1 week.
  24. To process the application for the Department Vehicles (KJ) within 2 weeks.

 

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