Section 1
This Act may be cited as the Rubber Price Stabilization Act 1975.
Interpretation
ActIn force
Rubber Price Stabilization Act 1975
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- Enacted
- 1975
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- 6
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Rubber Price Stabilization Act 1975 is Malaysia Act, cited as Act 161 1975, currently marked in force and first recorded in 1975.
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STABILIZATION ACT 1975
Incorporating all amendments up to 1 January 2006 2006
2
Date of Royal Assent
…
...
…
…
21 August 1975
Date of publication in the Gazette
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28 August 1975
… … … … …
1998
… … … … …
2001
Rubber Price Stabilization 3
Act 161
Opening note
Preamble
- An Act to provide for the co-ordination, implementation and control of activities necessary for the stabilization of price of rubber for these purposes to establish an advisory council and to enable the establishment of a rubber stock and to provide for matters connected therewith. [1 December 1975, P.U. (B) 477/1975] BE IT ENACTED by the Seri Paduka Baginda Yang di-Pertuan Agong with the advice and consent of the Dewan Negara and Dewan Rakyat in Parliament assembled, and by the authority of the same, as follows: Short title
Section 2
In this Act, unless the context otherwise requires—
“Council” means the National Advisory Council for Rubber
Price Stabilization established under subsection 3(1).
Section 3
National Advisory Council for Rubber Price Stabilization
(2)
The Council shall consist of—
(a)
the Secretary General of Ministry of Plantation Industries and Commodities as Chairman;
Section 4
Rubber stock
There may for the purpose of the stabilization of the price of rubber be established a rubber stock to be regulated in the manner prescribed by the Minister under section 5.
Section 5
Regulations
The Minister may for the purpose of carrying out the provisions of this Act make regulations and without prejudice to the generality of the foregoing such regulations may—
(a)
provide for the implementation of any international agreement concluded between Malaysia and any other country for the creation of a scheme for the stabilization of the price of rubber in the world market;
(b)
provide for the appointment of officers to inspect rubber stock required to be kept under this Act, examine records thereof and generally to carry out the provisions of this
Act and any regulations made thereunder;
(c)
regulate the management of the rubber stock set up under section 4;
*NOTE—This Ministry has been dissolved and its functions has been taken over by the Economic
Planning Unit, Prime Minister Department.
Rubber Price Stabilization 7
(d)
require the registration of all rubber estates and smallholdings and provide for the manner of registration;
(e)
prohibit or regulate the use of chemicals and other substances for latex stimulation on rubber trees;
(f)
impose penalties of a fine not exceeding ten thousand ringgit or imprisonment not exceeding two years or both for contravention of any provision of the regulations and provide for the forfeiture of any rubber which is the subject matter of the contravention and the manner thereof.
Amendment of Rubber Industry (Replanting) Fund Ordinance 1952 6.
Subsection 17(1) of the Rubber Industry (Replanting) Fund
Ordinance 1952 [Ord. 8 of 1952] is hereby amended by inserting immediately after the words “this Ordinance” the words “and all other information relating to rubber estates and smallholdings and production, storage, sale and export of rubber”.
8
Schedule
[Subsection 3(4)]
THE COUNCIL
1.
The term of office for members of the Council shall be for a period of one to three years. Members shall be eligible for reappointment.
2.
The term of office of a member appointed to fill a vacancy shall be the remainder of the term of office of the member who has vacated the post.
3.
The office of a member of the Council other than a member appointed by virtue of office shall be vacated:
(a)
if he dies;
(b)
if he becomes bankrupt, lunatic or of unsound mind;
(c)
if he absents himself from three consecutive meetings without leave of the Council; or
(d)
in the event of his resignation being accepted by the Minister.
4.
Subject to the provisions of this Act the Council may determine its own procedure.
Rubber Price Stabilization 9
Act 161
LIST OF AMENDMENTS
Amending law
Short title
In force from
Act 160
Malaysian Currency (Ringgit)
29-08-1975
Act 1975
10
Act 161
LIST OF SECTIONS AMENDED
Section
Amending Authority
In force from 5
Act 160 29-08-1975
KUALA LUMPUR
Common questions
- What is Akta Penstabilan Harga Getah 1975?
- Rubber Price Stabilization Act 1975 is Malaysia Act, cited as Act 161 1975, currently marked in force and first recorded in 1975.
- Is Akta Penstabilan Harga Getah 1975 still in force?
- Yes — Akta Penstabilan Harga Getah 1975 is currently in force.
- When did Akta Penstabilan Harga Getah 1975 take effect?
- Akta Penstabilan Harga Getah 1975 was first recorded in 1975.
- How many sections does Akta Penstabilan Harga Getah 1975 have?
- Akta Penstabilan Harga Getah 1975 contains 5 sections.
- Where can I read the official version of Akta Penstabilan Harga Getah 1975?
- The official text of Akta Penstabilan Harga Getah 1975 is published at lom.agc.gov.my.
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