Labuan Financial Services Authority Act 1996 · s 18A

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s 18AEstablishment of staff welfare fund

(1)

The Authority may, with the written approval of the

Minister, out of the funds of the Authority, create and maintain a trust account to be known as the “Labuan Financial Services Authority

Staff Welfare Fund” for the benefits of its officers and employees including their dependants.

(2)

The Labuan Financial Services Authority Staff Welfare Fund shall be utilized for such purposes conducive to the welfare of the officers and employees of the Authority, including their dependants, as may from time to time be provided in trust directions to be issued by the Authority with the approval of the Minister, and such directions may provide for the manner and the procedure for the making of the grant, loans or other payments from such Fund.