Malaysia legislation
Section 12
of *MALAYSIA PRODUCTIVITY CORPORATION (INCORPORATION) ACT 1966
Section 12
Expenses to be paid from the Fund
Subject to section 11 the Corporation may apply the Fund ―
(a)
for the payment of any expenses lawfully incurred by it and the remuneration of any officer or servant employed by the
Corporation, including superannuation allowances, pensions or gratuities;
18 Laws of Malaysia ACT 408
(b)
for the payment of any charges on any amount which may be allocated to the Corporation from loan funds;
(c)
for the making of loans to officers and servants of the Corporation for the purchase of bicycles, motor cycles and motor cars and for any other purpose approved by the Minister;
(d)
for the payment of any other expenses, cost or expenditure properly incurred or accepted by it in the exercise of the powers conferred on the Corporation by this Act.
Deposit and investment of the Fund