Railways Act 1991 · Updated to 1 Sep 2012 · Part XII · Railway Assets Corporation and Railway Property
100. Audited accounts, returns, reports, accounts and information
Feedback & supportThe Corporation shall furnish the Minister with the annual audited accounts of each financial year within six months of the following year.
Minister
“Minister” means the Minister for the time being charged with the responsibility for railways in Sabah, Sarawak and the Federal Territory of Labuan;
The Corporation shall furnish the Minister with all such returns, reports, accounts and information with respect to its property and activities as the Minister may from time to time require.
property
“property” means any movable or immovable property, and includes— (a) any right, interest, title, claim, chose-in-action, power, privilege, whether present or future and whether vested or contingent, in relation to any property, or which is otherwise of value; (b) any conveyance executed for conveying, assigning, appointing, surrendering, or otherwise transferring or disposing of immovable property whereof the person executing the conveyance is proprietor or possessed or wherein he is entitled to a contingent right, either for his whole interest or for any less interest; (c) any monetary instrument; (d) any other instrument or securities; (e) any business; and (f) any other tangible or intangible property;
Without prejudice to the generality of the provisions of subsection (1), the Corporation shall, as soon as practicable, after the end of each financial year, cause to be made and transmitted to the Minister a report dealing with the activities of the
Corporation during the preceding financial year and in such form and containing such information relating to the proceedings and policy of the Corporation as the Minister may from time to time direct.