Section 70
Advice to, and acting generally as agent for, Government
of Central Bank of Malaysia Act 2009
The Governor or any Deputy Governor with the approval of the Minister or any officer of the Bank with the approval of the
Governor, may upon request of the Government, act as a member of any committee or commission appointed by the Government to advise
68 Laws of Malaysia ACT 701
or enquire into any matter affecting monetary, financial, banking or currency matters in Malaysia or outside Malaysia.
(2)
The Bank, where it is appropriate and consistent with its objects and the provisions of this Act and if it is within its competence and expertise—
(a)
shall, upon request by the Government or where the Bank considers it necessary in the interest of the economy, advise the Government on economic matters;
(b)
may, upon request of the Government, act as a member of any committee affecting economic matters in Malaysia;
(c)
may, upon request of the Government, represent the
Government as its agent in all dealings, negotiations or transactions relating to monetary, financial, banking, currency or economic matters with any government or authorities outside Malaysia to which the Government has adhered or given support or approval; or
(d)
may act generally as agent to the Government on such terms and conditions to be agreed between the Bank and the Government.