Section 2
Interpretation
of Government Funding Act 1983
In this Act, unless the context otherwise requires—
“Bank” means Bank Negara Malaysia established under the Central
Bank of Malaysia Act 1958 [Act 519];
“customer’s account” means an account maintained by a depository institution in respect of a transferor or a transferee under subsection 9B(5);
“depository institution” means a participating investing institution authorized by the Bank under subsection 9B(1);
“financial institution” means —
*NOTE—Previously known as the Government Investment Act 1983–see section 20 of the Government
Investment (Amendment) Act 2005 [Act A1242].
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(a)
any licensed bank, licensed merchant bank, licensed finance company, or licensed discount house, as those terms are defined in the Banking and Financial
Institutions Act 1989 [Act 372];
(aa) any institution which is licensed to carry on Islamic banking business under the Islamic Banking Act 1983
[Act 276];
(b)
any State Government;
(c)
any statutory body; or
(d)
any fund, scheme, organization, body corporate or unincorporate, or any other person, as may be specified in writing by the Minister;
“instrument” means any instrument created and issued under this
Act in accordance with Syariah priciples;
“investment” means moneys paid by any person under sections 3
and 5;
“investment customer” means a person who makes a transfer or takes a transfer of an investment under subsection 9B(2);
“Minister” means the Minister charged with the responsibility for finance;
“notification” means a notice inviting applications or offers to subscribe for or purchase an instrument;
“participating investing institution” means a financial institution authorized by the Bank under subsection 9A(1);
“primary investing institution” means a participating investing institution appointed by the Bank under subsection 9A(2);
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“return” includes any form of rental, profit, dividend or benefit, including any fee or gift, payable or to be given in relation to the instrument;
“statutory body” means any body or authority established, appointed or constituted by any written law, and includes any local authority;
“Syariah Advisory Council” means the Syariah Advisory Council established under subsection 16B(1) of the Central Bank of Malaysia
Act 1958.
(2)
Where any record or account is required to be maintained under this Act by the Bank or by any participating investing institution, whether acting in its capacity as a primary investing institution or a depository institution or otherwise, the same shall be maintained in such manner or such means as the Bank may determine or specify, including its maintenance in writing or by means of any visual recording (of still or moving images), or any sound recording or any electronic, magnetic, mechanical, or other recording whatsoever, on any substance, material, thing or article.