Malaysian Qualifications Agency Act 2007 · Updated to 1 Nov 2017 · Part V · Financial Provisions
29. Expenditure to be charged on Fund
Official textFrom Laws of Malaysia Online, unchanged
The Fund shall be expended for the following purposes:
paying any expenditure lawfully incurred by the Agency;
Agency
“Agency” means the Malaysian Qualifications Agency established under section 4;
paying for the remuneration, allowances and other expenses of the members of the Council, members of the committees, officers and employees of the
Agency, including the granting of loans and advances, superannuation allowances, retirement benefits and gratuities;
paying any other expenses, costs or expenditure in relation to the procurement of goods and services, including the engagement of consultants, legal fees and costs and other fees and costs, properly incurred or accepted by the Agency in the performance of its functions and exercise of its powers under this Act;
paying any other expenses, costs or expenditure properly incurred or accepted by the Agency in the performance of its functions or the exercise of its powers under this
Act;
purchasing or hiring equipment, machinery and any other materials, acquiring land and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this Act;
repaying monies borrowed under section 32 and the interest due on the borrowed monies;
granting loans, scholarships and advances to its employees under section 24; and
generally, paying any expenses for carrying into effect the provisions of this Act.
Terms defined in s 2
Agency
Defined · s 2“Agency” means the Malaysian Qualifications Agency established under section 4;
Part VI
Malaysian Qualifications Framework
Part VII
Provisional Accreditation
Part VIII
Accreditation
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Part IX
Evaluation of Other Qualifications
Part X
Institutional Audit
Part XI
Malaysian Qualifications Register
Part XII
Appeals
Part XIII
Enforcement and Investigation
Part XIV
Offences and Penalties
Part XV
Miscellaneous
Part XVI