Malaysia legislation

Section 86

of COMMODITIES TRADING ACT 1985

Section 86

(2)

The rules shall specify the nature, amount and rate of levy and the manner of collection of the levy, provided that the determination of the rate or of any variation thereof, shall be subject to the prior approval of the Commission.

(3)

The rules may provide for an exemption of the levy or of any part thereof in respect of any commodity or of any member or class of members.

(4)

The levy or any part thereof may with the approval of the Commission, be varied, suspended or cancelled by order made and published by the Management Board.