Section 59
Prohibition on registration or carrying on of business
of Labuan Offshores Trusts Act 1996
ActIn forceProvision 90 of 94
Section 59
(a)
prohibiting the registration or creation or recognition of any trust or enforcement of any trust under this Act; or
(b)
directing any Labuan trust to cease to carry on its business or part of its business either immediately or within such time as may be specified in the direction.
(2)
A direction made under this section may be revoked or varied by the Minister.