Labuan Financial Services Authority Act 1996 · Updated to 1 Dec 2011 · Part II · The Authority
18A. Establishment of staff welfare fund
Official textFrom Laws of Malaysia Online, unchanged
The Authority may, with the written approval of the
Authority
“Authority” means the Labuan Financial Services Authority established under section 3;
Minister, out of the funds of the Authority, create and maintain a trust account to be known as the “Labuan Financial Services Authority
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance;
Staff Welfare Fund” for the benefits of its officers and employees including their dependants.
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.
Labuan financial services
“Labuan financial services” means any service provided by any person under any of the laws specified in the Schedule;
Terms defined in s 2
Authority
Defined · s 2“Authority” means the Labuan Financial Services Authority established under section 3;
Labuan financial services
Defined · s 2“Labuan financial services” means any service provided by any person under any of the laws specified in the Schedule;
Minister
Defined · s 2“Minister” means the Minister for the time being charged with the responsibility for finance;