Malaysia legislation
Section 15
of PALM OIL REGISTRATION AND LICENSING AUTHORITY (INCORPORATION) ACT 1976
Section 15
(2)
There shall be paid into the Fund-
(a)
any grant made to the Authority from the Federal
Consolidated Fund, other than grants to the Re-seafeh PHad;
(b)
all moneys collected or paid under subsection (1) of section 16;
(c)
all moneys collected under the regulations made under this Act other than fines;
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() all moneys borrowed by the Authority under section 17;
.1, S. 15-16}
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(e)
all moneys carned or arising from any investment under section 18 or from any property, mortgages, charges or debentures acquired by or vested in the
Authority; and
) all other moneys that may in any manner become payahle to or vested in the Authority in respect of any matter incidental to its duties or powers, excepiMONEYS cotleeted eF paid pursuant te s8-
seetion (3}-of section 16.
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(3)
The Fund may be applied for-
(a)
defraying such expenditure as the Authority may incur in carrying out its duties and exercising its powers and
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(6)
settling any moneys borrowed by the Authority
(e under section 17, and
(c)
-AA 135
(4)
The Authority shall keep or cause to be kept a separate account in respect of moneys paid into the Fund from the
Federal Consolidated Fund.
Ropeed et 318
(5)
The Authority shall, if so directec by the Minister, establish and maintain a fund named the "Palm Oil Research
Fund" into which shall be naid all moneys collected or paid under subsection (3) of section 16, all moneys paid or donated expressly to the Rescarch Fund and any grant made to the
Research Fund from the Federal Consolidated Fund.
(6)
The Research Fund shall be applied solely for research work or programmes for the palm oil industry, subject to the power of the Minister to direct the Authority to apply the Research Fund or any part thereof to any particular aspect or area of research or to disburse it to such organisation as the Minister may specity.
(7)
The Authority shall keep þr cause to be kept a separate account in respect of moneys paid into the Research Fund from the Federal Consolidated|Fund.
S 16. (1) The Authority may, with the anproval of the-OA palm uct Minister given after consultation with the Minister ot dprodu rinance, make orders for the imposition, variation or 4As) cancellation of a cess on/palm-Ail and paln_ kernel and the ol palm produc
AASTLO sateh
.
orders may specify the nature, amount and rate of cess and the manner of collection of the cess.
Pt. I1, S. 16-20)
PALM OI1 REGISTRATION AND LICENSING AUTHORITY
13
(2)
Orders different amounts and rates of cess for different categories, standards or grades of patm eil and palm kerael oilpolm produc
Subs MS made under this section may prescribe caled by het 2/8
(3)
The Authority may, with thé|approval of the Minister given after consultation with the Minister of Finance. make orders for the imposition, variathon or cancellation of a research cess on palm oil and palm kernel; and the orders may specify the nature, amount and rate of research cess and the manner of collection of thecess