Malaysia legislation

Section 11A

of *PERBADANAN TABUNG PENDIDIKAN TINGGI NASIONAL ACT 1997

Section 11A

Guarantee of the Government

The repayment of all moneys deposited in the Perbadanan together with dividend is guaranteed by the Government and, in the event that the Tabung Pendidikan Tinggi Nasional and the Reserve

Fund of the Perbadanan shall be insufficient to pay the lawful claims of every depositor, such deficiency shall be charged on and paid out of the Federal Consolidated Fund and the Minister shall certify such deficiency to the Dewan Rakyat at the earliest possible opportunity.

Read in full context — *PERBADANAN TABUNG PENDIDIKAN TINGGI NASIONAL ACT 1997 →