Malaysia legislation
Section 71
Section 71
The Minister may, on the recommendation of the Board, make regulations—
(a)
to provide for the manner of payment and collection of contributions and any matters incidental thereto;
Employees Provident Fund 85
(b)
to provide for the nomination by a member of the Fund of the persons to whom any amount standing to his credit in the Fund at the time of his death is to be paid at his death, for the manner in which such nomination may be revoked and for the circumstances in which it is to be treated as having ceased to be operative and for payment of such amount to the nominee so nominated;
(c)
to provide for the payment of the sum standing to the credit of a member of the Fund on his death where there is no nomination by the member of the person to whom such sum is to be paid on his death;
(d)
to provide for the manner of payment of the additional amount in the case of death of a member or upon withdrawal under paragraph 54(1)(c);
(e)
to provide that any amount not exceeding two hundred thousand ringgit, or such other amount as may be determined by the Minister, from time to time, by notification in the
Gazette, standing to the credit of a deceased member in the
Fund may be paid out by the Board without production of any evidence that any estate duty due on the estate of the deceased member has been paid;
(f)
to provide for the destruction of records and documents but such regulations shall require prior consultation with the
National Archives before such destruction;
(g)
(Deleted by Act A1504);
(h)
to prescribe fees which shall be paid to the Board in respect of investment under Part IIIA and charges for the purpose of carrying out the provisions of this Act;
(i)
to prescribe fees to be imposed on fund management institutions or other approved institutions under Part IIIA;
(j)
to prescribe for anything which relates to investment under
Part IIIA including matters in respect of the appointment, management, administration, duties, terms and conditions
86 Laws of Malaysia of fund management institutions or other approved institutions;
(ja) to prescribe any matter relating to the taking up of an insurance policy under
Part
VIA, including the appointment, management, administration, duties, terms and conditions of the insurance companies;
(k)
to prescribe anything which under this Act may be prescribed by the Minister;
(ka) to prescribe any charges or fees which shall be paid to the
Board for the purpose of carrying out the provisions of this
Act;
(kb) to provide for prohibition of the usage of name and emblem of the Fund; and
(l)
for carrying out any of the provisions of this Act.
Powers of Minister to require other person to contribute and declare any payment or remuneration as wages