Malaysia legislation

Section 2

of *RETIREMENT FUND ACT 2007

Section 2

In this Act, unless the context otherwise requires—

“debenture” includes debenture stock, bonds, notes and any other securities of a company or corporation whether or not constituting a charge on the assets of the company or corporation;

“committee” means a committee established under section 8;

6 Laws of Malaysia Act 662

“Chief Executive Officer” means the Chief Executive Officer of the

Retirement Fund (Incorporated) appointed under section 9;

“Fund” means the Retirement Fund established under section 13;

“Retirement Fund (Incorporated)” means the Retirement Fund

(Incorporated) established under section 3;

“Board” means the Board of the Retirement Fund (Incorporated);

“Minister” means the Minister charged with the responsibility for finance;

“Investment Panel” means the Investment Panel established under section 7;

“remuneration” includes salary or wages, allowances, medical benefits, free or subsidised housing and other privileges capable of being valued in money;

“securities” means—

(a)

debentures, stocks or bonds issued or proposed to be issued by any government

(b)

shares in or debentures of a body corporate;

(c)

unit trusts, exchange traded fund or prescribed instruments, and

(d)

any Islamic securities, and includes any right, option or interest ini respect thereof;

“company” means a company incorporated under the Companies

Act 1965 [Act 125], a trust company incorporated under the Trust

Companies Act 1949 [Act 100] or any company incorporated under any written law;

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“financial year” means a period ending on the thirty-first day of

December of each year;

“appointed date” means the date of commencement of this Act appointed by the Minister under subsection 1(2).