Malaysia-Thailand Joint Authority Act 1990 Part V — Financial provisions

s 8 · 1 section

Cost, benefit and annual payment

s 8

(1) All costs incurred and benefits derived by the Joint Authority from activities carried out in the Joint Development Area shall be equally borne and shared by the Governments. (2) Until such time as the Joint Authority shall have sufficient income to finance its annual operational expenditure, the Government of Malaysia shall pay to the Fund such annual payments as may be determined in accordance with the Agreement subject to equal payments being made by the Government of the Kingdom of Thailand.

Back to Malaysia-Thailand Joint Authority Act 1990 — full text

Provisions on this page are reproduced verbatim from official open data. See the attribution line.

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated. Read the official text ↗

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).

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