Malaysia legislation

Section 12

of EMPLOYEES PROVIDENT FUND (AMENDMENT) ACT 2016

Section 12

Amendment of section 51

(a)

by renumbering the existing section as subsection (1); and

(b)

by inserting after subsection (1) as renumbered the following subsection:

“(2)  Notwithstanding subsection (1), the amount standing to the credit of a member of the Fund under paragraph (1)(c) may be forfeited if the amount standing to the credit of such member is subject to an order of forfeiture by a court under the Anti-Money

Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 [Act 613].”.

Amendment of section 51a

Section 12 — AKTA KUMPULAN WANG SIMPANAN PEKERJA (PINDAAN) 2016