Malaysia legislation
Section 29A
Section 29A
Investment by member of the Fund
(a)
authorize an application made by a member of the Fund for investment in fund management institutions or other institutions approved by the Minister for investment purposes in any investments approved by the Minister; and
(b)
authorize transfer of any amount standing to the credit of such member of the Fund into fund management institutions or other institutions approved by the Minister subject to any terms and conditions as he thinks appropriate.
36 Laws of Malaysia
(2)
Where the Board has authorized the transfer of a sum of money standing to the credit of such member under subsection (1)—
(a)
such amount so authorized shall not be paid dividend as declared by the Board under section 27; and
(b)
such amount shall be deemed withdrawn from the credit of such member at the Fund from the date such member has attained the age of fifty-five years and such member may deal directly with the fund management institutions or other institutions approved by the Minister in relation to the credit.