Malaysia legislation

Section 16

Subsection 49(1) of the principal Act is amended—

by substituting for the words “The annual premiums”

the words “Subject to section 49a, the annual premiums”;

and

Malaysia Deposit Insurance Corporation (Amendment)

by substituting for paragraph (a) the following paragraph:

“(a) the annual premium to be paid by a deposit-taking member shall be calculated on the basis as may be prescribed by the Minister;”.

New section 49a