Labuan Financial Services Authority Act 1996 · Updated to 1 Dec 2011 · Part III · Finance
Section 30
Official textFrom Laws of Malaysia Online, unchanged
The Fund shall be expended for the purpose of—
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paying any expenditure lawfully incurred by the
Authority, including legal fees and costs and other fees and costs, and the remuneration of officers and servants of the
Authority
“Authority” means the Labuan Financial Services Authority established under section 3;
Authority, including the granting of loans, superannuation allowances or gratuities;
paying any other expenses, costs or expenditure properly incurred or accepted by the Authority in the performance of its functions or the exercise of its powers under this
Act;
purchasing or hiring equipment, machinery and any other materials, acquiring land and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this Act;
repaying any moneys borrowed under this Act and the interest due thereon; and
generally, paying any expenses for carrying into effect the provisions of this Act.
Terms defined in s 2
Authority
Defined · s 2“Authority” means the Labuan Financial Services Authority established under section 3;
Part IV