Malaysia legislation

Section 10

of SKILLS DEVELOPMENT FUND ACT 2004

Section 10

(2)

The moneys of the Fund in subsection (1) may be invested in—

(a)

deposits in—

(i)

Bank Negara Malaysia;

(ii)

banks and financial institutions licensed under the

Banking and Financial Institutions Act 1989

[Act 372]; or

(iii)

any other financial institutions established by or licensed or registered under any other written law and approved by the Minister of Finance for the purposes of this Act;

(b)

bonds and securities of the Government;

(c)

investments authorized by or under the Trustee Act 1949

[Act 208]; and

(d)

such securities or investments as may be approved by the

Minister of Finance.

(3)

For the purposes of this section, “securities” has the same meaning as that assigned to “securities” under section 2 of the

Securities Commission Act 1993 [Act 498].

Additional powers of the Corporation

Read in full context — SKILLS DEVELOPMENT FUND ACT 2004 →