Labuan Foundations Act 2010 · Updated to 23 Apr 2025 · Part VII · Beneficiaries
Section 63
Feedback & supportWhen disclosing any information or document to any beneficiary, the council members, supervisory person or officers of the
beneficiary
“beneficiary” means a person designated as a beneficiary under the provisions of the constituent document of a Labuan foundation;
Labuan foundation shall—
if other beneficiaries have requested confidentiality; or
if the council members, supervisory person or officers in their absolute discretion determine confidentiality to be in the best interest of the other beneficiaries, take all reasonable steps to secure the rights to confidentiality of the other beneficiaries by providing such beneficiaries only with such document or information so as to enable the beneficiary’s own entitlement and interest or benefits under the Labuan foundation to be determined.
supervisory person
“supervisory person” means any person or body of persons having supervisory powers over the Labuan foundation and is appointed under the charter of the Labuan foundation;
The information and documents may include copies or certified extracts of the constituent document or other documents and copies of advices or statements from which the names and interests of other beneficiaries have been edited or deleted to preserve the confidentiality to which such other beneficiaries are entitled.
constituent document
“constituent document” means the charter and the articles, of a Labuan foundation;