Section 3 — TABUNG ANGKATAN TENTERA ACT 1973

(a)

the primary purposes of providing superannuation and other benefits including benefits under the scheme established under section 15A, to persons specified under paragraph (3)(a), and the veteran annuity scheme for the benefit of the persons specified under paragraph (3)(aa);

and

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NOTE—These Ordinances have been repealed by the Armed Forces Act 1972 [Act 77].

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(b)

the ancillary purposes of promoting the socio-economic development and welfare of persons specified under paragraph (3)(b).

(1A)

The following shall be paid into the Tabung:

(a)

all contributions made as hereinafter provided and such other sums as are directed by this Act to be paid into the

Tabung;

(b)

all moneys earned from investment or by the operation of any project, agency, scheme or enterprise financed from the Tabung and the Reserve Fund established under section 11;

(bb) an annual grant from the Federal Consolidated Fund for the ancillary purposes and matters related thereto under paragraph (1)(b);

(c)

all grants, donations, endowment, gifts, loans, contributions and bequests made to or in favour of the

Tabung;

(d)

all sums from time to time falling due to the Tabung in respect of payments of any loan made from the Tabung and the interest payable in respect of any such loan;

(e)

moneys earned or arising from any property, investment, mortgages, charges or debentures acquired by or vested in the Tabung;

(f)

all other sums which may in any manner become payable to or vested in the Tabung in respect of any matter incidental to its powers and duties.

(2)

The Tabung may be applied for—

(a)

withdrawals of deposits with such profits as may be decided by the Lembaga in accordance with the provisions of this Act;

(aa)

the purchase of units in any unit trust schemes for the benefit of and to be allocated to contributors and the

Tabung Angkatan Tentera 9

administrative costs and other costs relating to the unit trust benefit as determined by the Lembaga;

(b)

repayments and interests on borrowings and such other outgoings and expenditure as may be permitted by this Act or any regulations thereunder to be paid out of the Tabung;

(ba) payments of death and disablement benefits pursuant to the scheme;

(bb) payments of annuities pursuant to the veteran annuity scheme;

(bc)

the socio-economic activities, welfare programmes and any other activities and benefits which would advance the socio-economic conditions of any retiring personnel or retired personnel or of any designated members of the volunteer forces, including loans to such persons;

(bd) defraying the expenditure incurred by the Lembaga or any other body including a corporation established under section 23, charged with the responsibility of undertaking the activities, programmes or benefits mentioned in paragraph (bc);

(c)

administrative expenses including salaries and termination benefits;

(d)

other expenses incidental to the management of the Tabung and the functions of the Lembaga including any moneys required to satisfy any judgment, decision or award against the Lembaga, Chairman, any member of the Lembaga, the

Investment Panel, any member of the Investment Panel, officer, servant or agent of the Lembaga, by any court or tribunal, in respect of any act, neglect or default done or committed by him in such capacity.

(3)

For the purpose of this section—

(a)

superannuation and other benefits including benefits under the scheme established under section 15A shall be given to—

(i)

servicemen;

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(iA) officers who contribute to the Tabung;

(ii)

other members of the regular forces of Malaysia who contribute to the Tabung; and

(iii)

mobilised members of the volunteer forces who contribute to the Tabung;

(aa)

benefits under the veteran annuity scheme shall be given to the servicemen referred to in paragraph 15D(1)(a) and officers referred to in paragraph 15D(1)(b); and

(b)

ancillary benefits shall be given to—

(i)

retiring personnel or retired personnel of the regular forces of Malaysia; or

(ii)

designated members of the volunteer forces, as may be determined by the Lembaga.

(4)

The Lembaga may only apply such moneys from the Tabung for the purposes mentioned in paragraph (1)(b), (2)(bc) and (bd) where the

Lembaga has applied the moneys referred to in paragraph (1A)(bb) and where there are sufficient funds to discharge its obligations under section 11.