Malaysia legislation
Section 5
Section 5
Amendment of section 65
Section 65 of the principal Act is amended by inserting after subsection (3) the following subsections:
“(4) The Commission may impose a financial penalty for any non-compliance of any guidelines issued under this section—
(a)
where such person is an individual, to an amount not exceeding one million ringgit; or
(b)
where such person is a body corporate, to an amount not exceeding five per cent of the body corporate’s annual turnover from the preceding financial year.
Malaysian Aviation Commission (Amendment)
(5)
For the purpose of this section—
“financial year” means the period in respect of which any financial statement is made up whether that period is a year or not;
“annual turnover” means the aggregate of all sums received in the course of the business during financial year, as stated or otherwise shown in the accounts of the business, including grants from any Federal Government or State Government.”.
Amendment of section 66