MALAYSIAN INDUSTRIAL DEVELOPMENT AUTHORITY (INCORPORATION) (AMENDMENT) ACT 2011

in the definition of “Authority”, by substituting for the word “Industrial” the word “Investment”;

by inserting after the definition of “Board” the following definition:

‘ “Chief Executive Officer” means the Chief

Executive Officer of the Authority appointed under section 3d;’;

by deleting the definition of “Director General”;

in the definition of “Fund”, by substituting for the word

“Industrial” the word “Investment”;

by inserting after the definition of “Fund” the following definition:

‘ “Government Entity” means—

the Federal Government, or any State Government,

State Authority or local government; and

any ministry, department, office, agency, authority, commission, committee, board, council or other body, corporate or unincorporate, of the Federal

Government, or of any State Government, whether established under written law or otherwise;’;

and

in the definition of “Minister”, by substituting for the words “industrial development” the words “international trade and industry”.

Malaysian Industrial Development Authority

(Incorporation) (Amendment)

5

Substitution of section 3

in the shoulder note, by substituting for the words “Director

General” the words “Chief Executive Officer”;

in subsection (1), by substituting for the words “, upon such terms as the Minister may determine, an executive officer who shall be the Director General of the Authority”

the words “a Chief Executive Officer upon such terms and conditions as the Minister may determine”;

in subsection (2)—

by substituting for the words “Director General”

the words “Chief Executive Officer”;

in subsection (3), by substituting for the words “Director

General” the words “Chief Executive Officer”.

Substitution of section 6

by substituting for paragraph (a) the following paragraph:

“(a) conduct surveys and investigations to ensure compliance with conditions imposed for the grant of licences, permits or incentives in respect of manufacturing and services sectors (excluding financial and utilities);”;

in paragraph (b), by substituting for the words “manufacturing activities or their related services” the words “manufacturing and services sectors (excluding financial and utilities)”;

and

by inserting after paragraph (b) the following paragraphs:

“(ba) require—

all relevant Government Entities to give such assistance and submit such information in their possession as may be required by the

Authority in order for the Authority to carry out its functions under this Act; and

in the shoulder note, by substituting for the word “Industrial”

the word “Investment”; and

in subsection (1), by substituting for the word “Industrial”

the word “Investment”.

Amendment of section 10a

in paragraph (c), by inserting after the word “grants” the words “, loans or any financial assistance”;

by inserting after paragraph (c) the following paragraph:

“(ca) giving financial assistance or credit facilities, with or without interest, or any contribution to any person for educational purposes, scholarships or any other purposes subject to the approval of the

Minister with the concurrence of the Minister of Finance;”; and

in paragraph (d), by substituting for the word “staff” the word “servants”.

New section 10aa

The change of name of “The Malaysian Industrial Development

Authority” to “The Malaysian Investment Development Authority”

upon the coming into operation of this Act shall not affect any rights or obligations of the Authority or render defective any legal proceedings by or against it, and any legal proceedings that could have been continued or commenced by or against it before the date of coming into operation of this Act may be continued or commenced under its new name.

All actions, regulations, orders, directions, notifications, approvals, decisions, guidelines and other executive acts made, given or done under, or in accordance with, or by virtue of the principal Act before the coming into operation of this Act shall be deemed to have been made, given or done under, or in accordance with, or by virtue of, the corresponding provision introduced or amended by this Act, and shall continue to remain in full force and effect in relation to the persons to whom they apply until amended, repealed or rescinded under, in accordance with, or by virtue of, the corresponding provision introduced or amended by this Act.

KUALA LUMPUR

All references to the Director General of the Malaysian

Industrial Development Authority in any written law or document shall, on the coming into operation of this Act, be construed as references to the Chief Executive Officer of the Malaysian

Investment Development Authority.

All moneys contained in or due to be paid into the Malaysian

Industrial Development Authority Fund established under section 10 of the principal Act shall, on the coming into operation of this

Act, be transferred to and be deemed to be part of the Malaysian

Investment Development Authority Fund.

All deeds, documents and other instruments executed by the Authority under the common seal of “Malaysian Industrial

Development Authority” before the coming into operation of this Act shall continue to remain in full force and effect on the coming into operation of this Act.