Malaysia legislation
Section 2
Section 2
The Windfall Profit Levy Act 1998 [Act 592], which is referred to as the “principal Act” in this Act, is amended by inserting after section 3 the following sections:
“Power to extend period 3a. Where, by this Act, a period is specified within which an act or thing is to be done by a person, and the Minister is satisfied that the act or thing could not be completed in that period due to the occurrence of public emergency or public health crisis, the Minister may, upon such terms and conditions as the Minister thinks fit, extend the period for the completion of the act or thing before the expiration of the period.
Power to modify terms and conditions 3b. (1) Where terms and conditions are imposed pursuant to this Act, the Minister may, on the advice of the Director General, from time to time modify the terms and conditions for the purpose of carrying out the objects of this Act.
(2)
Before modifying the terms and conditions, notice must be given to the person bound by the terms and conditions stating—
(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.”.
New section 6a