Malaysia legislation

Section 13

of ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ACT 2007

Section 13

Disclosure of interest

(2)

A disclosure under subsection (1) shall be recorded in the minutes of the meeting of the Authority, the Approvals and

Implementation Committee or the committee, as the case may be, in which the matter is discussed and, after the disclosure, the member—

(a)

shall not be present or take part in any discussion or decision of the Authority, the Approvals and Implementation

Committee or the committee, as the case may be, about the matter; and

(b)

shall be disregarded for the purpose of constituting a quorum of the Authority, the Approvals and Implementation

Committee or the committee, as the case may be, when the matter is discussed or decided upon.

(3)

Any member of the Authority, the Approvals and

Implementation Committee or a committee who fails to disclose his interest as provided under subsection (1) commits an offence

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and shall, on conviction, be liable to a fine not exceeding fifty thousand ringgit or to imprisonment for a term not exceeding two years or to both.

(4)

No act or proceedings of the Authority, the Approvals and

Implementation Committee or a committee shall be invalidated on the ground that any member of the Authority, the Approvals and Implementation Committee or the committee has contravened this section.

(5)

For the purpose of this section—

“a member of his family”, in relation to a member of the

Authority, the Approvals and Implementation Committee or a committee, includes—

(a)

his spouse;

(b)

his parent including a parent of his spouse;

(c)

his child including an adopted child or stepchild;

(d)

his brother or sister including a brother or sister of his spouse; and

(e)

a spouse of his child, brother or sister; and

“associate”, in relation to a member of the Authority, the

Approvals and Implementation Committee or a committee, means—

(a)

a person who is a nominee or an employee of the member;

(b)

a firm of which the member or any nominee of his is a partner;

(c)

a partner of the member;

(d)

a trustee of a trust under which the member or a member of his family is a beneficiary; or

(e)

any corporation within the meaning of the Companies Act 1965 [Act 125], of which the member or any nominee of his or a member of the member’s family is a director or has a substantial shareholding in the corporation.

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The Authority may establish committees

Section 13 — ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ACT 2007