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{
    "id": 494383,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/494383/?format=api",
    "text_counter": 212,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "How do you deal with investment surplus? If a company had an interest-earning account and you are winding up, how do you deal with investment of surplus funds in an interest-earning account as well as the payment? How do you deal with payment for unclaimed assets that will go to the official receiver? How do you deal with placement of such funds to the credit of the insolvency fund? This Bill is creates an insolvency fund. Clauses 423 and 424 relate to the proof and the ranking of claims. It is not a matter that hon. Duale and hon. Mule will wake up one day and say that they have claims to make. There are many people in this country with false filed claims. I can see the competent former Permanent Secretary for the Ministry of Health under the Grand Coalition Government nodding his head. There are many false claimants at the National Treasury. I want to tell them that this Bill is going to deal with them. This Bill, particularly Clauses 423 and 424, has set the bar very high. The burden of proof and the ranking of claims is provided for in terms of which debts are payable in case of a The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}