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Malaysian Qualifications Agency Act 2007 · s 28

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s 28Malaysian Qualifications Agency Fund

(1)

A fund to be known as the “Malaysian Qualifications

Agency Fund” is established and shall be administered and controlled by the Agency.

(2)

The Fund shall consist of—

(a)

such monies as may be provided by Parliament from time to time for the purposes of this Act;

(b)

all monies earned from the examination, assessment, audit, supervision, provisional accreditation, accreditation, evaluation or any other services provided by the Agency;

(c)

all monies derived as income from investments by the

Agency;

(d)

all monies derived from the sale, disposal, lease or hire, or any other dealing with, any property, mortgages, charges or debentures vested in or acquired by the Agency;

(e)

all monies earned from consultancy and advisory services and any other services provided by the Agency;

Malaysian Qualifications Agency 27

(f)

monies borrowed by the Agency under section 32;

(g)

all other monies lawfully received by the Agency; and

(h)

all other monies and property which may in any manner become payable to or vested in the Agency in respect of any matter incidental to its functions and powers.