- Laws of Fiji

[IA 14] Transfer of funds14

(1) Investors are entitled to convert and transfer funds overseas, freely and without delay, in a freely usable currency, including—

(a)contributions to capital;
(b)profits, dividends, capital gains generated by investment activities;
(c)proceeds from the sale or liquidation of all or any part of the investment;
(d)interest, royalty payments and management fees;
(e)payments made under a contract, including a loan agreement;
(f)compensation for compulsory acquisition; and
(g)payments arising from a dispute.

(2) Notwithstanding subsection (1), the Government of the Republic of Fiji may delay or prevent a transfer through the equitable, non-discriminatory and good faith application of any written law relating to—

(a)bankruptcy, insolvency or the protection of the rights of creditors;
(b)issuing, trading or dealing in securities, futures, options or derivatives;
(c)criminal offences;
(d)financial reporting or record keeping of transfers when necessary to assist law enforcement or financial regulatory authorities; or
(e)fiscal prudential rules specified and published by the Reserve Bank of Fiji.