Malaysia legislation
Section 2
Seksyen 2
Akta Sewa Beli 1967 [Akta 212], yang disebut “Akta ibu”
dalam Akta ini, dipinda dalam subseksyen 2(1)—
(a)
dengan memotong takrif “base lending rate”;
Undang-Undang Malaysia 4
Akta A1783
(b)
dengan memasukkan selepas takrif “dealer” takrif yang berikut:
‘ “effective interest rate” refers to—
(a)
a rate that reflects the actual finance cost of a hire-purchase in the case of a hire-purchase agreement where the terms charges are at a fixed rate; or
(b)
a rate that reflects the actual finance cost of a hire-purchase which is determined by using the reference rate as a benchmark in the case of a hire-purchase agreement where the terms charges are at a variable rate;
“electronic” has the same meaning assigned to it in the Electronic Commerce Act 2006 [Act 658];’;
(c)
dengan memasukkan selepas takrif “prescribed” takrif yang berikut:
‘ “reference rate” refers to the benchmark interest rate that forms the basis for determining the pricing of variable rate financing facilities, whereby the benchmark rate is the published prevailing overnight policy rate;’; dan
(d)
dengan memotong takrif “statutory rebate”.
Pindaan seksyen 4