This Act may be cited as the Statutory Bodies Short title (Accounts and Annual Reports) Act 1980 and shall, application. subject to section 10, apply to all statutory bodies in respect of financial years ending on or after the 31st
Act 240
Statutory Bodies (Accounts and Annual Reports) Act 1980
Akta badan berkanun (akaun dan laporan tahunan) 1980
Text recovered by OCR from a scanned copy β section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
Data synced
Part I β Preliminary
In this Act- "Minister", in relation to a statutory body, means the Minister for the time being responsible for the Interpreta-
[Pt. I-III, S. 2-5] Act 125. "statutory body" means any body corporate, irrespective of the name by which it is known, that is incorporated pursuant to the provisions of federal law and is a public authority or an agency of the Govern. nent of Malaysia but does not include a local authorit and a body corporate that is incorporated under the Companies Act 1965. Provisions of Act to apply to all statutory bodies.
Part II β Application and construction
The provisions of this Act shall apply in respect of all statutory bodies and shall be read together and construed as one with the provisions of the federal law pursuant to which a statutory body is incorporated. Provisions of Act to supersede conflicting or inconsistent provisions of other federal law.
(1) In the event of any conflict or inconsistoncy between the provisions of this Act and of the federal law pursuant to which a slatutory body is incorporated, the provisions of this Act shall suporsedo tho conflicting or inconsistent provisions of that foderal law and the latter shall be construed as so suporseded.
(2) The provisions of any federal law which aro not in conflict or inconsistent with tho provisions of this Act shall otherwise continue to apply.
Part III β Audit of accounts
(1) Every statutory body shall keep or shall cause tion and to be kept proper accounts and other records in respect submission of statenent of its operations in accordance with generally accepted of accounts lo Auditor accounting principles and shall cause to be prepared General a statement of its accounts in respect of each financial for audit. year and shall, within six months after the end of that financial year or such extension thereof as may be granted under section 9, submit the same to the Auditor General for audit.
(2) The Auditor General shall forthwith cause the statement of accounts to be audited.
[Pt. ILI-V, S.6-9] ANNUAL REPORTS)
The provisions of the Audit Act 1957 shall apply orAidons to the audit of the accounts of every statutory body. PARTIV SUBMISSION AND TABLING OF ACCOUNTS AND ANNUAL REPORTS
Every statutory body shall, in respect of each Tomelimit of als al died statemiht of acmonts afdet te arecior ofuinie General's report thereon, if any, submit the same to of accounts the Minister together with a report of its activities. Minister.
The Minister shall, as soon as may be practicable Minister on receipt of the audited statement of accounts, the audited Auditor General's report thereon, if any, and the statement report of the activities of a statutory body, cause the ofacobnts same to be laid on the table of each House of Parlia- Parliament ment.
Part V β Extension of time limit
(1) Where a statutory body is unable to submit its Application statement of accounts for audit within six thonths errzson after the end of the financial year to which the accounts imtt. relate, it shall, before the expiry of such time limit, apply Δ±n writing to the Minister for an extension thereof and shall also set out the reasons for applying for such extension.
(2) Where a statutory body applies under subsection
(1) for an extension of the time limit of six months, the Minister, if satisfied with the reasons for the application, may, with the concurrence of the Minister of Finance, grant such extension of the time limit as may be deemed necessary but such extension shall not in any case exceed a period of three months in the aggregate in respect of each financial year, and the statutory body shall then submit its statement of accounts for audit within the time limit as extended.
[PL. VI, S.10-11]
(1) Jika, pada tarikh tersiarnya Akta ini dalam Warta, sesuatu badan berkanun belum lagi, bagi mana-mana tahun kewangannya yang berakhir pada atau sebelum 31 Disember 1980β
(a) menyebabkan penyata akaunnya diaudit; atau
(b) menyediakan laporan tahunan tentang aktivitinya, mengikut peruntukan undang-undang persekutuan yang menurutnya ia diperbadankan, maka badan berkanun yang sedemikian itu hendaklah, pada atau sebelum 31 Disember 1981, menyebabkan akaunnya diaudit dan hendaklah menyediakan laporan tahunan tentang aktivitinya mengikut peruntukan undang-undang persekutuan itu.
(2) Peruntukan seksyen 7 dan 8β
(a) hendaklah kemudian daripada itu terpakai bagi penyata akaun teraudit dan laporan tahunan tentang aktiviti yang sedemikian itu;
Undang-Undang Malaysia AKTA 240
(b) hendaklah juga terpakai bagi penyata akaun lain dan laporan tahunan tentang aktiviti sesuatu badan berkanun bagi tahun tahun kewangan yang berakhir pada atau sebelum 31 Disember 1980 yang telah diaudit dan disediakan, mengikut mana yang berkenaan, sebelum dari tarikh tersiarnya Akta ini dalam Warta tetapi yang belum lagi, pada tarikh tersebut, dikemukakan kepada Menteri atau dibentangkan dalam mana-mana satu atau kedua-dua Majlis Parlimen mengikut peruntukan undang-undang persekutuan yang menurutnya badan berkanun yang berkenaan itu ditubuhkan.
Part VI β Miscellaneous
(1) The Minister may make rules for the purpose of carrying out or giving effect to any of the provisions
(2) In particular and without prejudice to the generality of the power conferred by subsection (1), such rules mayz) provide for the powers, functions, duties an esponsibilities of members of the board o management and officers and servants of a
[Pt. VI, S.11] ANNUAL REPORTS) statutory body in relation to the accounts and other records of the operations of that statutory body; and
(b) prescribe guidelines in respect of generally accepted accounting principles, accounting olicies and other matters of 'an accounting o Γ financial nature relating to the accounts of KUALA LUMPUR DICETAK OLEH KETUA PENGARAE PERCETAKAN NEGARA DAN DITERBITKAN DENGAN PERINTAH PADA 7HB OGOS 1980 Harga: 50 sen
Cite this legislation
- Official citation
- Act 240
- Source
- lom.agc.gov.my
- Data synced
- Licence
- Official text, free to reproduce (Copyright Act 1987 [Act 332] s 3) β
Statutory Bodies (Accounts and Annual Reports) Act 1980 [Act 240] (Laws of Malaysia, lom.agc.gov.my). Retrieved via LawPlayer, https://lawplayer.com/my/act/act-240
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).