Labuan Offshores Trusts Act 1996 · s 54

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s 54General offence and penalty

(1)

Any person who—

(a)

does anything which is forbidden by or under this Act;

(b)

does not do that which by or under this Act he is required to do; or

(c)

otherwise contravenes or fails to comply with any provision of this Act,

Labuan Trusts 81

shall be guilty of an offence.

(2)

A person who is guilty of an offence against this Act shall be liable on conviction to a penalty not exceeding the penalty expressly mentioned as the penalty for the offence, or if a penalty is not so mentioned, to a fine not exceeding ten thousand ringgit.

(3)

The penalty, pecuniary or otherwise, set out in or at the foot of any section or part of a section of this Act shall indicate that the offence is punishable upon conviction by a penalty not exceeding that so set out and where the penalty is expressed to apply to part only of the section, it shall apply to that part only.