National Trust Fund Act 1988 · s 5

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

5.
Moneys required to be paid into the Fund
(1) Notwithstanding the relevant provisions of the
Financial Procedure Act 1957 there shall be paid from time to time into the Fund—
(a) moneys from  time  to  time  appropriated  from the Consolidated Fund to and for the purposes of the
Fund;
(b) such contributions as may be made by Petroleum
Nasional Berhad to the Fund;
(c) such contributions as may be made by any State in
Malaysia which derives any form of royalty from the exploitation of petroleum or  other depleting resources;
(d) all moneys from any investments of the Fund;

8                                    Laws of Malaysia                               ACT 339
(e) all grants, donations, endowments, gifts, contributions and  bequests that may be made to or in favour of the Fund; and
(f) such  contributions  as  may  be  made  by  any  person or authority  whose  business  includes  the research  or development of a  depleting resource.
(2) Notwithstanding anything to the contrary contained in any written law, any contributions under paragraphs (1) (b) and
(f) may be made in each financial year from the profits of the
Petroleum Nasional Berhad, any such  person or authority.

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 5Moneys required to be paid into the Fund

(1)

Notwithstanding the relevant provisions of the

Financial Procedure Act 1957 there shall be paid from time to time into the Fund—

(a)

moneys from time to time appropriated from the Consolidated Fund to and for the purposes of the

Fund;

(b)

such contributions as may be made by Petroleum

Nasional Berhad to the Fund;

(c)

such contributions as may be made by any State in

Malaysia which derives any form of royalty from the exploitation of petroleum or other depleting resources;

(d)

all moneys from any investments of the Fund;

8 Laws of Malaysia ACT 339

(e)

all grants, donations, endowments, gifts, contributions and bequests that may be made to or in favour of the Fund; and

(f)

such contributions as may be made by any person or authority whose business includes the research or development of a depleting resource.

(2)

Notwithstanding anything to the contrary contained in any written law, any contributions under paragraphs (1) (b) and

(f)

may be made in each financial year from the profits of the

Petroleum Nasional Berhad, any such person or authority.