Labuan Foundations Act 2010 · Updated to 23 Apr 2025 · Part IX · General Provisions
72. Right to information
Feedback & supportSubject to the other provisions of this section, the officer or secretary of a Labuan foundation shall, on receipt of a request, provide accurate information as to the state and amount of the property of the
officer
“officer” means the officer of a Labuan foundation appointed in accordance with section 35;
Labuan foundation and the administration of the Labuan foundation—
to the Court;
to the Authority pursuant to the provisions of the Labuan
Financial Services Authority Act 1996; and
to the founder, council member, supervisory person, or beneficiary, unless the officer has reason to believe that such person is making the request under duress.
Labuan Foundations 65
Notwithstanding the terms of the constituent document, the
constituent document
“constituent document” means the charter and the articles, of a Labuan foundation;
Court may, on an application made to the Court, restrict the rights of the founder, council member, supervisory person, beneficiary or any other person to information relating to the Labuan foundation or may make such other order as it thinks fit.
Where any founder, council member, supervisory person, officer, secretary, or beneficiary is required by or under this Act to submit, produce or provide to the Authority any information, statistic, return or document, the Authority may specify that it shall be submitted, produced or provided in such form and manner and within such period or at such intervals or times, not inconsistent with any provision of this Act or the regulations made under this Act, as the
founder
“founder” means the person who subscribes his name to the charter establishing a Labuan foundation acting either for himself or on behalf of another person and who, by transfer of title, endows that Labuan foundation with its initial assets;
Authority may set out in the specification, and the founder, council member, supervisory person, officer, secretary, or beneficiary shall not submit, produce or provide as true and accurate any information, statistic, return or document which he knows, or has reason to believe, to be false, inaccurate or misleading.
Any person who fails to comply with subsection (3) commits an offence and shall, upon conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding three years or to both.
person
“person” includes a corporation, a partnership, a body of persons, corporate or unincorporated, and a corporation sole;