Section 20
Regulations
of Statutory Bodies (Financial and Accounting Procedure) Ordinance, 1995
—
The Majlis Mesyuarat Kerajaan Negeri may make regulations generally for the purpose of carrying out the provisions of this Ordinance, and in particular, such regulations may provide for all or any of the following matters:
(a)
the salaries, fees and other privileges for members of a statutory body;
(b)
the salaries, fees and privileges of members of Board of Directors of any holding or subsidiary company of the statutory body;
(c)
the fees or other remuneration payable to the statutory body for services rendered by the statutory body;
(d)
the remuneration of an auditor appointed under this
Ordinance and for the costs of an audit carried out under this
Ordinance;
20
(e)
powers, duties and responsibilities of members of the board of management or trustees and officers and servants of a statutory body in relation to the accounts and other records of the operation of that statutory body or its holding or subsidiary or related companies;
(f)
the appointment of consultants, professional advisers, contractors and project managers by statutory bodies, their holding or subsidiary companies;
(g)
the disposal of capital assets by a statutory body;
(h)
the transfer of all or any part of the moneys assigned to one expenditure item to another expenditure item;
(i)
the writing off of bad debts and other losses of a statutory body; and
(j)
prescribing anything which is to be or may be prescribed by regulations.
[Am. Cap. A112.]
(2)
Regulations made under this section may provide that a contravention of specified provisions thereof shall be an offence and may provide penalties of a fine not exceeding ten thousand ringgit and imprisonment for a term not exceeding two years.