24E. Obligation of Labuan foundation to maintain and keep information up to date

Terms defined in s 2

• administrative penalty

  administrative penalty

  Defined · s 2

  “administrative penalty” means the penalty imposed in accordance with section 78;

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• Authority

  Authority

  Defined · s 2

  “Authority” means the Labuan Financial Services Authority established under section 3 of the Labuan Financial Services Authority Act 1996;

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• Labuan

  Labuan

  Defined · s 2

  “Labuan” means the Federal Territory of Labuan;

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• officer

  officer

  Defined · s 2

  “officer” means the officer of a Labuan foundation appointed in accordance with section 35;

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• register

  register

  Defined · s 2

  “register” means the register of Labuan foundations registered under this Act maintained under section 16;

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• secretary

  secretary

  Defined · s 2

  “secretary” means a Labuan Trust company appointed as secretary in accordance with section 41;

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