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In forceUpdated to 1 Jan 2006Read it in Bahasa Malaysia
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Act of Parliament

Rubber Price Stabilization Act 1975

Stabilizing rubber prices, with an advisory council and rubber stock

Official textFrom Laws of Malaysia Online, unchanged

s 1Short title

This Act may be cited as the Rubber Price Stabilization Act 1975.

s 2Interpretation

In this Act, unless the context otherwise requires—

“Council” means the National Advisory Council for Rubber

Price Stabilization established under subsection 3(1).

s 3National Advisory Council for Rubber Price Stabilization

(1)

There is hereby established, for the purpose of this Act and to advice the Minister on matters pertaining to the stabilization of the price of rubber, the National Advisory Council for Rubber

Price Stabilization.

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(2)

The Council shall consist of—

(a)

the Secretary General of Ministry of Plantation Industries and Commodities as Chairman;

(b)

a representative of the Treasury, Malaysia;

(c)

a representative of the Economic Planning Unit, Prime

Minister’s Department;

(d)

*a representative of the Ministry of General Planning and Socio Economic Research;

(e)

a representative of the Bank Negara Malaysia; and

(f)

a person knowledgeable in the rubber industry appointed by the Minister.

(3)

The Minister may appoint not more than three additional members to the Council.

(4)

The provisions of the Schedule shall apply to the Council and its members.

s 4Rubber stock

There may for the purpose of the stabilization of the price of rubber be established a rubber stock to be regulated in the manner prescribed by the Minister under section 5.

s 5Regulations

The Minister may for the purpose of carrying out the provisions of this Act make regulations and without prejudice to the generality of the foregoing such regulations may—

(a)

provide for the implementation of any international agreement concluded between Malaysia and any other country for the creation of a scheme for the stabilization of the price of rubber in the world market;

(b)

provide for the appointment of officers to inspect rubber stock required to be kept under this Act, examine records thereof and generally to carry out the provisions of this

Act and any regulations made thereunder;

(c)

regulate the management of the rubber stock set up under section 4;

*NOTE—This Ministry has been dissolved and its functions has been taken over by the Economic

Planning Unit, Prime Minister Department.

Rubber Price Stabilization 7

(d)

require the registration of all rubber estates and smallholdings and provide for the manner of registration;

(e)

prohibit or regulate the use of chemicals and other substances for latex stimulation on rubber trees;

(f)

impose penalties of a fine not exceeding ten thousand ringgit or imprisonment not exceeding two years or both for contravention of any provision of the regulations and provide for the forfeiture of any rubber which is the subject matter of the contravention and the manner thereof.

s 6Amendment of Rubber Industry (Replanting) Fund Ordinance 1952

Subsection 17(1) of the Rubber Industry (Replanting) Fund

Ordinance 1952 [Ord. 8 of 1952] is hereby amended by inserting immediately after the words “this Ordinance” the words “and all other information relating to rubber estates and smallholdings and production, storage, sale and export of rubber”.

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Schedules