Section 48

the manner in which the revenue derived by the Federation from Singapore or any part of that revenue is to be collected and accounted for, and the division of it between the Federation and the State;

the exercise by the State government or other authority of the State in relation to any such revenue of powers conferred by laws relating thereto, or the concurrence of that government or any such authority in the exercise of any of those powers;

the inclusion of Singapore in a common market with the rest of the Federation, the establishment of a Tariff

Advisory Board and the laying down of conditions for the levying of import and export duties in relation to goods imported into or exported from Singapore;

excluding or modifying in relation to the State all or any of the provisions of Articles 109 and 110 and the

Tenth Schedule;

Act 26/1963

the making of payments (by way of loan or otherwise)

by the Federation to the State or by the State to the

Federation;

determining the revenue which is to be treated for the purposes of any such agreement as derived from

Singapore, reviewing the operation of any such agreement and referring to the decision of an independent assessor matters arising on such a review and not settled by agreement, and other matters arising out of or incidental to any such agreement.

The Yang di-Pertuan Agong shall by order make such provision as may be necessary to give effect to any such agreement as is mentioned in Clause (1), including provision modifying in relation to Singapore any law relating to any federal revenue; and any such order shall be laid before each House of Parliament.

An order under Clause (2) may provide that the executive authority of the State shall extend to the administration of any specified provisions of the law relating to any federal revenue, and may for that purpose confer powers and impose duties on any authority of the State.

In relation to Singapore, Part III of the Tenth Schedule shall have effect as if the source of revenue specified in section 7 included the property tax levied for local purposes by the State.

The decision of an independent assessor on any matter referred to him on the review of an agreement under this Article shall be binding on the governments concerned and shall be treated for purposes of this Article as the agreement of those governments.

Clause (4) of Article 108 shall not apply to require the

Federal Government to consult the National Finance Council in respect of any agreement under this Article.

An agreement made before Malaysia Day shall have effect for the purposes of this Article.

Malaysia 47

This Article shall cease to have effect as regards the making of any further agreement thereunder—