Labuan Foundations Act 2010 · Updated to 23 Apr 2025 · Part IX · General Provisions
81. Power of Minister to amend Schedule
Feedback & supportThe Minister may, on the recommendation of the Authority, from time to time by order published in the Gazette, vary, delete, add to, substitute for, or otherwise amend the Schedule and upon such publication, such Schedule as varied, deleted, added to, substituted for or otherwise amended, shall come into full force and effect and shall
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance;
*NOTE—Previously “ten thousand ringgit”—see section 13 of Labuan Foundations (Amendment) Act 2025 [Act A1758].
70 Laws of Malaysia be deemed to be an integral part of this Act as from the date of such publication, or from such later date as may be specified in the order.
Malaysia
“Malaysia” means the territories of the Federation of Malaysia, the territorial waters of Malaysia and the sea-bed and subsoil of the territorial waters, and includes any area extending beyond the limits of the territorial waters of Malaysia, and the sea-bed and subsoil of any such area, which has been or may hereafter be designated under the laws of Malaysia and in accordance with international law as an area over which Malaysia has sovereign rights for the purposes of exploring and exploiting the natural resources, whether living or non living;
The Minister may, in varying, deleting or substituting any of the
Schedules referred to in subsection (1), impose such terms and conditions as he thinks necessary.