Section 4
Amendment of section 2
The Income Tax Act 1967, which is referred to as the “principal
Act” in this Chapter, is amended—
Finance 9
(a)
in subsection 2(1)—
(i)
in the definition of “approved scheme”, by inserting after the words “Employees Provident Fund” the words “, private retirement scheme”; and
(ii)
by inserting after the definition of “prescribed” the following definition:
‘ “private retirement scheme” means a retirement scheme approved by the Securities Commission in accordance with the Capital Markets and Services
Act 2007 [Act 671];’;and
(b)
in subsection 2(8), by substituting for the words “or the
Labuan Offshore Financial Services Authority” the words
“, the Labuan Financial Services Authority or the Malaysia
Co-operative Societies Commission”.