Postal Services Act 2012 · Updated to 1 May 2020 · Part XV · General
98. Postal Service Fund
Feedback & supportA fund to be known as the “Postal Service Fund” (“PS Fund”)
postal service
“postal service” means the collection, transmission and delivery of any postal article;
is established and which shall be controlled and operated by the
Commission.
Commission
“Commission” means the Malaysian Communications and Multimedia Commission established under the Malaysia Communications Multimedia Commission Act 1998;
All licensees shall contribute to the PS Fund in the manner as prescribed by the Minister.
Minister
“Minister” means the Minister charged with the responsibility for the postal services industry;
The PS Fund shall consist of—
such sum of money as may be provided by the Parliament;
and
all monies contributed by licensees or by any other person.
The PS Fund shall be expended for the following purposes:
to facilitate universal service throughout Malaysia in accordance with this Act;
to facilitate the expansion and improvement of the postal network;
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to improve and respond to the need of consumers through the use of technology; and
such other purpose related to postal services as may be determined by the Minister.
It shall be the duty of the Commission to conserve the PS Fund by so performing its functions and exercising its powers under this Act as to secure that the total Ps Fund is sufficient to meet all expenditures under subsection (4).
The Minister, on the recommendation of the Commission, shall make regulations regarding contributions to the PS Fund and any other matters related to or incidental to the establishment and operation of the PS Fund.