Skills Development Fund (Amendment) Act 2026 · As enacted
31. Amendment of section 54
Official textFrom Laws of Malaysia Online, unchanged
Section 54 of the principal Act is amended—
in the shoulder note, by inserting after the words
“skills training loan” the words “and skills training financial assistance”;
by substituting for subsection (1) the following subsection:
“(1) The Corporation shall cause to be maintained a record of all skills training loans and skills training financial assistance paid out of the Fund, and their repayments and returns.”; and
in subsection (2)—
in paragraph (a), by inserting after the words “loan recipient” the words “and financial assistance recipient”;
by inserting after paragraph (b) the following paragraph:
“(ba) the amount of the skills training loan and skills training financial assistance which need to be returned and the records of the returns;”; and
by substituting for paragraph (c) the following paragraph:
“(c) the name of the skills training provider where the loan recipient or financial assistance recipient is receiving his skills training or other training, the approved skills training programme under which the loan recipient or financial assistance recipient is receiving his skills training or other training, the duration of such skills training or other training, and the tentative date of completion of such skills training or other training; and”.