Malaysia legislation

Section 17

of *GOVERNMENT FUNDING ACT 1983

Section 17

(2)

For the purposes of subsection (1), “default” includes—

(a)

any negligence or failure in the carrying out of any function, or the exercise of any power, or the discharge of any duty, under this Act; and

(b)

any offence under this Act, or any offence under any other written law in relation to any matter dealt with under this Act, regardless—

(i)

whether or not there has been any prosecution in respect of such offence; or

(ii)

whether such default was committed by the participating investing institution, or any director, officer, or controller (as those words are defined in subsection 14(6)), or any clerk, servant, or agent of

20 Laws of Malaysia ACT 275

such participating investing institution, or any clerk or servant of such agent.

Read in full context — *GOVERNMENT FUNDING ACT 1983 →