Malaysia legislation
Section 7
Section 7
Establishment of the Fund and other functions of the Board
(2)
There shall be paid into the Fund—
(i)
the proceeds of any such cess as is referred to in section 8;
(ii)
all moneys belonging to the Board;
(iii)
such moneys as may be provided from time to time by
Parliament to be applied for such purpose or purposes as may be specified by Parliament;
(iv)
all moneys, including registration fees, collected under rules and regulations made under this Act;
Pineapple Industry 11
(v)
all moneys borrowed by the Board under section 8A;
(vi)
all moneys earned or arising from any investment under section 8B or from any property acquired by or vested in the Board; and
(vii)
all other moneys that may in any manner become payable to or vested in the Board in respect of any matter incidental to its functions.
(b)
The Fund may be applied for any purpose within the objects of this Act in such manner as shall be determined by the Board and for lending to its employees for the purpose of purchasing or building dwelling-houses or purchasing conveyances on such terms and conditions as may be prescribed by regulations made under section 25.
(3)
The functions of the Board shall include—
(a)
the financing of agronomic and processing research programmes for the industry;
(b)
the negotiation of agreements on prices and grades of pineapples for sale to canneries;
(c)
the regulation of the production, grading and marketing of pineapple for sale to canneries and of canned pineapple;
(d)
administration of quality control and health regulations;
(e)
administration of a cess fund and making recommendations regarding the rate of cess;
(f)
collection of statistics and maintenance of statistical records of the industry;
(g)
the granting of financial assistance, whether by way of subsidy or otherwise, to the industry as a whole or any section of it;
12 Laws of Malaysia ACT 427
(h)
any other matters affecting the industry.
(4)
The Statutory Bodies (Accounts and Annual Reports) Act 1980
[Act 240] shall apply in respect of the Board.
(5)
The accounts of the Board shall be subject to audit by an auditor approved by the Minister.
(6)
The common seal of the Board may by resolution of the Board be affixed to any instrument in the presence of the Chairman and two other members of the Board, who shall all sign their names to such instrument.
(7)
Four ordinary meetings of the Board shall be held each year.
All other meetings shall be special meetings and may be called at any time by the Chairman or acting Chairman and shall be called at the request of any member.
Imposition and collection cess