Malaysia legislation
Section 72
Section 72
Notwithstanding section 71, expenditure may be incurred by the
Organization out of the Social Security Fund up to such amount as the
Minister may authorize by regulation, for any one year, for carrying on the administration of the Scheme of Social Security provided under the
(a)
the payment of salaries, leave and transfer expenses, travelling and compensatory allowances, gratuities and compassionate allowances, contribution to benefit fund, welfare and recreation of officers and servants of the
Organization and meeting expenditure in respect of offices and other services set up for the purpose of giving effect to this Act;
(b)
the payment of fees and other remuneration to auditors, actuaries, agents, technical advisers, bankers, stockbrokers, surveyors or other persons employed on a temporary or
Employees’ Social Security 73
part-time basis to carry into effect the objectives of this Act;
and
(c)
the purchase or hire of equipment.
Withdrawal from Fund for loans or other financing facilities