Malaysia legislation

Section 68a

of MERCHANT SHIPPING (AMENDMENT) ACT 2017

Section 68a

(2)

A member of the Committee shall, within fourteen days of his spouse or child acquiring any such financial interest, notify the Committee in writing of such acquisition and if he fails to do so he commits an offence and shall, on conviction, be liable to a fine not exceeding twenty-five thousand ringgit or to imprisonment for a term not exceeding one year or to both.

(3)

A financial interest shall not be disregarded by reason only of—

(a)

its remoteness;

(b)

the manner in which it arose; or

(c)

the fact that the financial interest is, or is capable of being made subject to restraint and restriction.

Register of members’

financial interest.