Malaysia legislation

Section 5

Section 5

(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.

Application of moneys of the Fund