This Act may be cited as the Rubber Price Stabilization Act 1975.
Act 161
Rubber Price Stabilization Act 1975
Akta penstabilan harga getah 1975
An Act to provide for the co-ordination, implementation and control of activities necessary for the stabilization of price of rubber for these purposes to establish an advisory council and to enable the establishment of a rubber stock and to provide for matters connected therewith.
Data synced
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
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In this Act, unless the context otherwise requires—
“Council” means the National Advisory Council for Rubber Price Stabilization established under subsection 3(1).
(1) There is hereby established, for the purpose of this Act and to advice the Minister on matters pertaining to the stabilization of the price of rubber, the National Advisory Council for Rubber Price Stabilization.
(2) The Council shall consist of—
(a) the Secretary General of Ministry of Plantation Industries and Commodities as Chairman;
(b) a representative of the Treasury, Malaysia;
(c) a representative of the Economic Planning Unit, Prime Minister’s Department;
(d) *a representative of the Ministry of General Planning and Socio Economic Research;
(e) a representative of the Bank Negara Malaysia; and
(f) a person knowledgeable in the rubber industry appointed by the Minister.
(3) The Minister may appoint not more than three additional members to the Council.
(4) The provisions of the Schedule shall apply to the Council and its members.
There may for the purpose of the stabilization of the price of rubber be established a rubber stock to be regulated in the manner prescribed by the Minister under section 5.
The Minister may for the purpose of carrying out the provisions of this Act make regulations and without prejudice to the generality of the foregoing such regulations may—
(a) provide for the implementation of any international agreement concluded between Malaysia and any other country for the creation of a scheme for the stabilization of the price of rubber in the world market;
(b) provide for the appointment of officers to inspect rubber stock required to be kept under this Act, examine records thereof and generally to carry out the provisions of this Act and any regulations made thereunder;
(c) regulate the management of the rubber stock set up under section 4;
(d) require the registration of all rubber estates and smallholdings and provide for the manner of registration;
(e) prohibit or regulate the use of chemicals and other substances for latex stimulation on rubber trees;
(f) impose penalties of a fine not exceeding ten thousand ringgit or imprisonment not exceeding two years or both for contravention of any provision of the regulations and provide for the forfeiture of any rubber which is the subject matter of the contravention and the manner thereof.
*NOTE—This Ministry has been dissolved and its functions has been taken over by the Economic Planning Unit, Prime Minister Department.
Subsection 17(1) of the Rubber Industry (Replanting) Fund Ordinance 1952 [Ord. 8 of 1952] is hereby amended by inserting immediately after the words “this Ordinance” the words “and all other information relating to rubber estates and smallholdings and production, storage, sale and export of rubber”.
[Subsection 3(4)]
THE COUNCIL
1. The term of office for members of the Council shall be for a period of one to three years. Members shall be eligible for reappointment.
2. The term of office of a member appointed to fill a vacancy shall be the remainder of the term of office of the member who has vacated the post.
3. The office of a member of the Council other than a member appointed by virtue of office shall be vacated:
(a) if he dies;
(b) if he becomes bankrupt, lunatic or of unsound mind;
(c) if he absents himself from three consecutive meetings without leave of the Council; or
(d) in the event of his resignation being accepted by the Minister.
4. Subject to the provisions of this Act the Council may determine its own procedure.
Cite this legislation
- Official citation
- Act 161
- Source
- lom.agc.gov.my
- Data synced
- Licence
- Official text, free to reproduce (Copyright Act 1987 [Act 332] s 3) ↗
Rubber Price Stabilization Act 1975 [Act 161] (Laws of Malaysia, lom.agc.gov.my). Retrieved via LawPlayer, https://lawplayer.com/my/act/act-161
This text is synced from lom.agc.gov.my. In case of any discrepancy, the authoritative text prevails.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).