Malaysia legislation
Section 3B
Section 3B
Power to modify terms and conditions
(2)
Before modifying the terms and conditions, notice must be given to the person bound by the terms and conditions stating—
Windfall Profit Levy 7
(a)
the terms and conditions as modified; and
(b)
the date the terms and conditions as modified take effect.
(3)
The modified terms and conditions shall not take effect in less than fourteen days from the date the notice is issued under subsection (2).
(4)
Where the terms and conditions were initially imposed by the
Director General pursuant to this Act, the terms and conditions as modified by the Minister shall be deemed to have been imposed by the
Director General.
(5)
For the purposes of this section, “modify” means add to, delete or vary.
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