KUALA LUMPUR: A new format for asset declaration by members of parliament and administrative members has yet to be finalised.

Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman indicated that the updated format is expected to be presented to the Cabinet "soon".

"The new format is currently under thorough review, incorporating feedback from various agencies such as the Prime Minister's Department, Treasury, and Attorney-General's Chambers, before it is finalised," she said in a written parliamentary response.

She was responding to Datuk Seri Takiyuddin Hassan (PN-Kota Bharu), who inquired about the challenges faced by the government in implementing the new asset declaration method.

Earlier in March, Deputy Minister in the Prime Minister's Department (Law and Institutional Reform), M. Kulasegaran, had announced that the new format for asset declaration had been finalised and would soon be brought before the Cabinet for further deliberation.

He noted that the proposal for the new format had been presented and agreed upon by the Special Cabinet Committee on National Governance (JKKTN), chaired by Prime Minister Datuk Seri Anwar Ibrahim, on Jan 8.

Six years ago, MPs and administrative officials were only required to declare their properties and their monetary value.

Kula had explained that the new format would mandate the declaration of asset details, including their original purchase price, acquisition date, and current value.

On Jan 6 last year, the Prime Minister's Office announced that members of the federal administration, including ministers, would disclose their assets once the new format was finalised.

https://www.nst.com.my/news/nation/2024/06/1067896/new-asset-declaration-format-mps-and-govt-officials-yet-be-finalised