60. Regulations

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(1)

The Minister may make regulations for all or any of the following purposes:

(a)

prescribing the forms, procedure and other requirements for the purposes of this Act;

(b)

prescribing the form and content of disclosure documents;

(c)

prescribing the fees payable under this Act, and the manner for collecting and disbursing such fees;

(d)

prescribing the procedure for appeal under this Act;

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(e)

prescribing the procedure and requirements for the registration of any franchise granted or sold in or outside

Malaysia by a franchisor or a franchise broker before the commencement of this Act;

(f)

prescribing the remuneration for the services of the

Franchise Advisory Board; and

(g)

providing for such other matters as are contemplated by, or necessary for giving full effect to, the provisions of this

Act and for their due administration.

(2)

The regulations made under subsection (1) may prescribe any act in contravention of the regulations to be an offence and may prescribe penalties of a fine not exceeding fifty thousand ringgit or imprisonment for a term not exceeding one year or both.

Terms defined in s 4

disclosure documents
Defined · s 4
“disclosure documents” means such disclosure documents as may be prescribed by the Minister;
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franchise
Defined · s 4
“franchise” means a contract or an agreement, either expressed or implied, whether oral or written, between two or more persons by which— Franchise 9 (a) the franchisor grants to the franchisee the right to operate a business according to the franchise system as determined by the franchisor during a term to be determined by the franchisor; (b) the franchisor grants to the franchisee the right to use a mark, or a trade secret, or any confidential information or intellectual property, owned by the franchisor or relating to the franchisor, and includes a situation where the franchisor, who is the registered user of, or is licensed by another person to use, any intellectual property, grants such right that he possesses to permit the franchisee to use the intellectual property; (c) the franchisor possesses the right to administer continuous control during the franchise term over the franchisee’s business operations in accordance with the franchise system; and (d). (e) in return for the grant of rights, the franchisee may be required to pay a fee or other form of consideration. (f).
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franchise broker
Defined · s 4
“franchise broker” means a person doing business as an agent or representative of a franchisor to sell a franchise to any person for a certain consideration but does not include any director, officer or employee of the franchisor or franchisee;
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franchisor
Defined · s 4
“franchisor” means a person who grants a franchise to a franchisee and includes a master franchisee with regard to his relationship with a subfranchisee, unless stated otherwise in this Act;
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Minister
Defined · s 4
“Minister” means the Minister for the time being charged with the responsibility for matters relating to franchises;
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regulations
Defined · s 4
“regulations” means regulations made under this Act;
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this Act
Defined · s 4
“this Act” includes any regulations made under this Act.
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Read on from s 61