Malaysia legislation
Section 4
Section 4
(1)
There is hereby established a panel of trustees to be known as the National Trust Fund Panel.
(2)
The trustees shall be appointed by the Minister and shall consist of—
(a)
a Chairman;
(b)
a Deputy Chairman who shall be an officer of the
Ministry of Finance;
(c)
an officer from the Prime Minister’s Department; and
(d)
two members with business or financial experience.
National Trust Fund 7
(3)
The panel shall have such powers and shall perform such duties as are given or imposed by this Act or as may be prescribed from time to time by the Minister and may by instrument in writing delegate to any person all or any of such powers and duties.
(4)
There may be paid to each member of the Panel out of the
Fund such allowances, including travelling and subsistence allowances, as the Minister may from time to time determine.
(5)
Subject to this Act, the Panel shall have powers to make rules and to regulate its proceedings.
(6)
All members, officers and servants of the Panel shall be deemed to be public servants within the meaning of the Penal
Code [Act 574].
Moneys required to be paid into the Fund