Section 6J

All the assets and liabilities of the civil aviation authority as on 1

January of the year of the appointed date which are not reflected in the financial accounts of the Federation shall be incorporated into the commercial accounts and the net worth of it shall be treated as capital of the

Federation invested in the civil aviation authority on that date.

The Director General with the concurrence of the Treasury shall issue directions and instructions as to the manner in which the books and accounts shall be kept and the form in which statements of accounts shall be submitted for audit.

26 Laws of Malaysia ACT 3

Application of profits