/akn/my/act/act/1992/483
*INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT ACT 1992
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- Type
- Act
- Status
- In force
- Enacted
- 1992
- Sections
- 9
- Languages
- MS · EN
Quick answer
About this act
*INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT ACT 1992 is Malaysia Act, cited as Act 483 1992, currently marked in force and first recorded in 1992.
Opening note
Preamble
- An Act to enable Malaysia to become a member of the International Fund for Agricultural Development by acceptance of the Agreement Establishing the International Fund for Agricultural Development. [21 February 1992] 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 and application
Section 2
In this Act, unless the context otherwise requires-
“Agreement” means the Agreement Establishing the International
Fund for Agricultural Development as adopted by the United Nations
Conference on the Establishment of an International Fund for
Agricultural Development on 13 June 1976 in Rome, and whereby a
6 Laws of Malaysia ACT 483
copy of the text was laid before the Dewan Rakyat as Statute Paper
No. 147 of 1991;
“Freely convertible currency” means such currency as is deemed to be freely convertible in accordance with Article I(d) of the
Agreement;
“Fund”
means the
International
Fund
For
Agricultural
Development established by the Agreement.
Section 3
Authorization of Signature of Agreement
The Yang di-Pertuan Agong may, by instrument under his hand, empower such person as may be named in such instrument, on behalf of the Government of Malaysia—
(b)
to deposit with the Fund an instrument of acceptance of the Agreement setting forth that the Government of
Malaysia has accepted the Agreement in accordance with its law and has taken all steps necessary to enable the
Government of Malaysia to carry out all of its obligations under the Agreement.
Contribution to Fund
Section 4
(2)
Subject to section 5, there shall be charged on the
Consolidated Fund such part of any increase in the contribution of
Malaysia to the Fund as may, pursuant to section 4 of Article 4 of the
International Fund for Agricultural 7
Development
Agreement, be payable in freely convertible currency or in Malaysian currency.
Approval of Dewan Rakyat for additional contribution to Fund
Section 5
Whenever any increase in the contribution of Malaysia to the
Fund is authorized pursuant to section 4 of Article 4 of the
Agreement, no amount shall be contributed in respect thereof except with the prior approval, signified by resolution, of the Dewan Rakyat.
Section 6
Issue of non-negotiable and non-interest bearing notes
The Minister of Finance may, on behalf of the Government, create and issue to the Fund, in such form as he thinks fit, any such non-negotiable and non-interest bearing notes or similar obligations as the Fund may
(a)
accept from the Government in place of any Malaysian currency paid or payable by the Government under section 5(b) of Article 4 of the Agreement or under section 5(c) of
Article 4 of the Agreement; or
(b)
pursuant to section 4 of Article 4 of the Agreement determine to accept in place of any Malaysian currency in relation to any increase in the contribution of Malaysia to the Fund.
Charge of other payments to the Consolidated Fund
Section 7
There shall be charged on the Consolidated Fund—
(a)
all sums payable to the Fund by Malaysia under section 2(b) of Article 5 of the Agreement (which relates to valuation of currencies);
8 Laws of Malaysia ACT 483
(b)
all sums required for the redemption of any notes or obligations created and issued to the Fund under section 6;
(c)
any sum due to the Fund by Malaysia under section 3 of
Article 9 of the Agreement (which relates to the rights and duties of States ceasing to be members of the Fund).
Receipts
Section 8
All moneys received by or on behalf of the Government of
Malaysia from the Fund shall be paid into the Consolidated Fund.
Section 9
Orders for carrying the Agreement into effect
(2)
Without prejudice to the generality of the provisions of subsection (1), any order made under the subsection may declare that any specified provisions of the Agreement shall have the force of law in Malaysia.
9
Act 483
LIST OF AMENDMENTS
Amending law
Short title
In force from
- NIL -
10
Act 483
LIST OF SECTIONS AMENDED
Section
Amending authority
In force from
- NIL -
Common questions
- What is AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992?
- *INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT ACT 1992 is Malaysia Act, cited as Act 483 1992, currently marked in force and first recorded in 1992.
- Is AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992 still in force?
- Yes — AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992 is currently in force.
- When did AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992 take effect?
- AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992 was first recorded in 1992.
- How many sections does AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992 have?
- AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992 contains 9 sections.
- Where can I read the official version of AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992?
- The official text of AKTA TABUNG ANTARABANGSA BAGI PEMBANGUNAN PERTANIAN 1992 is published at lom.agc.gov.my.