Bank Simpanan Nasional Act 1974 · Updated to 1 Dec 2011 · Part VIII · Repeal and Transitional
40. Repeal and saving
Official textFrom Laws of Malaysia Online, unchanged
Subject to subsections (2) and (3), the Post Office Savings Bank
Post Office Savings Bank
“Post Office Savings Bank” means the Post Office Savings Bank established under the Post Office Savings Bank Act 1948;
Act 1948 (hereinafter referred to as the 1948 Act) is hereby repealed and the
Post Office Savings Bank established by or under the 1948 Act is hereby dissolved.
30 Laws of Malaysia ACT 146
All subsidiary legislations in force immediately before the appointed date made under the 1948 Act shall, with necessary modifications, continue in force and have effect as if they have been made under this Act, and may be amended or repealed by regulations made under this Act.
appointed date
“appointed date” means the date on which this Act comes into force;
All deposits made and all entries in depositors’ passbooks, and all funds invested in securities remaining unsold on the appointed date and all other business transacted under the 1948 Act shall, so far as may be consistent with this Act, be deemed to be deposits and entries made, funds invested and business transacted under this Act.
Terms defined in s 2
appointed date
Defined · s 2“appointed date” means the date on which this Act comes into force;
Post Office Savings Bank
Defined · s 2“Post Office Savings Bank” means the Post Office Savings Bank established under the Post Office Savings Bank Act 1948;