Malaysia legislation
Section 4
Section 4
The Income Tax Act 1967, which is referred to as the “principal
(a)
in subsection 2(1)—
(i)
in the definition of “approved scheme”, by inserting after the words “Employees Provident Fund” the words “, private retirement scheme”; and
Finance 9
(ii)
by inserting after the definition of “prescribed”
the following definition:
‘ “private retirement scheme” means a retirement scheme approved by the Securities
Commission in accordance with the Capital
Markets and Services Act 2007 [Act 671];’;
and
(b)
in subsection 2(8), by substituting for the words “or the Labuan Offshore Financial Services Authority” the words “, the Labuan Financial Services Authority or the
Malaysia Co-operative Societies Commission”.
Amendment of section 6