Malaysia legislation

Section 1

of DIRECT SALES AND ANTI-PYRAMID SCHEME ACT 1993

Section 1

(2)

This Act shall apply throughout Malaysia and only in respect of—

(a)

negotiations carried on after the coming into force of this Act, leading to the formation of direct sales contracts; and

*NOTE—see sections 4 and 5 of the Direct Sales (Amendment) Act 2010 [Act A1379].

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Act 500

(b)

direct sales contracts entered into after the coming into force of this Act, notwithstanding that negotiations leading to the formation of the contract may have taken place before that date.

(3)

This Act shall not apply—

(a)

where the purchaser or the prospective purchaser is a body corporate;

(b)

to any contract of insurance and reinsurance issued by an insurer registered under the *Insurance Act 1963

[Act 89]; and

(c)

to any contract of takaful and re-takaful issued by a takaful operator registered under the Takaful Act 1984

[Act 312].

(4)

The provisions of this Act shall be without prejudice to the

Hire-Purchase Act 1967 [Act 212], the Sale of Goods Act 1957

[Act 382], the Contracts Act 1950 [Act 136] and the Companies

Act 1965 [Act 125], and where there is any conflict between the provisions of this Act and the provisions of any of such Acts the provisions of this Act shall prevail.

Interpretation