Labuan Financial Services Authority Act 1996 · s 2

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

2.
Interpretation
(1) In this Act, unless the context otherwise requires—

“accounting officer” includes every officer and servant who is charged with the duty of collecting, receiving, or accounting for, or

8                                      Laws of Malaysia                           ACT 545
who in fact collects, receives or accounts for, any money of the Fund, or who is charged with the receipt, custody or disposal of, or the accounting for, any store and property of the Authority or who in fact receives, holds or disposes of such store and property;

“Authority” means the Labuan Financial Services Authority established under section 3;

“Bank” means the Central Bank of Malaysia established under the
Central Bank of Malaysia Act 1958 [Act 519];

“Chairman” means the Chairman appointed under section 5;

“committee” means any committee established by the Authority under subsection 15(1);

“corporation” means any body corporate formed or incorporated or existing within Malaysia or outside Malaysia and includes any foreign Labuan company as defined in the Labuan Companies Act 1990 [Act 441] but does  not include—
(a)
any corporation sole;
(b)
any trade union registered under any written law; and
(c)
any society registered under any written law relating to co-operative societies;

“dependant”, in relation to an officer or servant of the Authority, means the spouse, parent, children, including adopted children or step-children, or such other person as may be specified by the
Authority with the consent of the Minister from time to time by notice published in the Gazette;

“Director General” means the Director General appointed under section 5;

“Fund” means the Fund established under subsection 29(1);

“Labuan” means the Federal Territory of Labuan;

Labuan Financial Services Authority                           9

“Labuan financial institution” means any person—
(a) providing Labuan financial services; or
(b)
incorporated, registered or established under the laws specified in the Schedule;

“Labuan financial services” means any service provided by any person under any of the laws specified in the Schedule;

“Minister” means the Minister for the time being charged with the responsibility for finance;

“Registrar” means the Registrar of Companies under the
Companies Act 1965 [Act 125], and includes any Regional Registrar,
Deputy Registrar or Assistant Registrar of Companies.
(2)
(Deleted by Act A1365).

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 2Interpretation

(1)

In this Act, unless the context otherwise requires—

“accounting officer” includes every officer and servant who is charged with the duty of collecting, receiving, or accounting for, or

8 Laws of Malaysia ACT 545

who in fact collects, receives or accounts for, any money of the Fund, or who is charged with the receipt, custody or disposal of, or the accounting for, any store and property of the Authority or who in fact receives, holds or disposes of such store and property;

“Authority” means the Labuan Financial Services Authority established under section 3;

“Bank” means the Central Bank of Malaysia established under the

Central Bank of Malaysia Act 1958 [Act 519];

“Chairman” means the Chairman appointed under section 5;

“committee” means any committee established by the Authority under subsection 15(1);

(a)

any corporation sole;

(b)

any trade union registered under any written law; and

(c)

any society registered under any written law relating to co-operative societies;

Authority with the consent of the Minister from time to time by notice published in the Gazette;

“Director General” means the Director General appointed under section 5;

“Fund” means the Fund established under subsection 29(1);

“Labuan” means the Federal Territory of Labuan;

Labuan Financial Services Authority 9

“Labuan financial institution” means any person—

(a)

providing Labuan financial services; or

(b)

incorporated, registered or established under the laws specified in the Schedule;

“Labuan financial services” means any service provided by any person under any of the laws specified in the Schedule;

“Minister” means the Minister for the time being charged with the responsibility for finance;

“Registrar” means the Registrar of Companies under the

Companies Act 1965 [Act 125], and includes any Regional Registrar,

Deputy Registrar or Assistant Registrar of Companies.

(2)

(Deleted by Act A1365).