10. Amendment of section 34

The principal Act is amended by substituting for section 34

the following section:

The Commission may enter into any contract under which the Commission is to pay or receive an amount—

not exceeding ten million ringgit;

exceeding ten million ringgit but not exceeding fifty million ringgit, with the approval of the Minister; or

exceeding fifty million ringgit, with the approval of the Minister and the concurrence of the Minister of Finance.”.