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Answer: Discontinue in paying annual fees to Labuan FSA, under Section 20 of Labuan Foundation Act 2010 (LFA). Notwithstanding the name of Labuan Foundation has been struck off from Labuan FSA’s register, the Foundation shall continue to remain liable to all fees, license fees and penalties payable under the LFA, including the annual fee plus late payment surcharge thereof. All such fees and penalties specified above shall have priority over all other claims against the assets of the Foundation.