Disbursement of Subsidy

Upon receipt of the lump sum PSP subsidy from the Government, Grantees are required to arrange disbursement of the PSP subsidy to eligible participating professionals within four weeks according to the approved participant lists given by the PASS Secretariat.

In case of unsuccessful disbursement of the PSP subsidy (e.g. unsuccessful bank transfer or unpresented cheques for more than six months) to the eligible participating professionals, Grantees are required to notify the PASS Secretariat immediately and return the residual subsidy to the Government upon demand. The Government reserves the right to seek legal remedy in case of unreasonable delay in the return of residual subsidy to the Government.