Section 83

Officers and employees of the Bank shall hold office for such period, receive such salaries and allowances and shall be subject to such by-laws on conduct and discipline and other terms and conditions of service as may be determined by the Board.

The Bank may, with the approval of the Minister, out of the funds of the Bank establish and maintain a pension and provident fund for its officers and employees, which in this subsection includes the

Governor and the Deputy Governors, and their dependants.

There shall continue to be a Bank Negara Malaysia Staff

Welfare Account which shall include the amount standing to the credit of the Bank Negara Malaysia Staff Welfare Account created under subsection 15(5) of the repealed Act immediately before the coming into operation of this Act and such other amounts as are placed to the credit of the Bank Negara Malaysia Staff Welfare Account under this

Act.

The Bank Negara Malaysia Staff Welfare Account shall be utilized for such purposes conducive to the welfare of the officers and employees of the Bank, including their dependants, as may from time to time be provided in trust directions to be issued by the Board with the approval of the Minister, and such directions may provide for the manner and the procedure for the making of the grant, financing or other payments from the Bank Negara Malaysia Staff Welfare

Account.

Central Bank of Malaysia 83

Financing for housing, vehicles, studies and scholarships