Powers as to movable and immovable property
Subject to and for the purposes of this Act, the Authority and every board and corporation may enter into contracts and may acquire, purchase, take, hold and enjoy movable and immovable property of every description and may convey, assign, surrender, yield-up, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property or any interest therein vested in the Authority or such board or corporation upon such term as to the Authority or such board or corporation deems fit.
Malay Reservation or Native Land
(1) The Authority and every board and corporation shall be deemed—
(a) for the purposes of the Malay Reservation Enactment of the Federated Malay States [F.M.S. Ord. 142] and the corresponding law in force in any part of Peninsular Malaysia to be a Malay, and any registered interest in land in a Malay Reservation of which the Authority or such board or corporation is proprietor shall be deemed for such purposes to be a Malay holding;
(b) for the purposes of Part IV of the Land Ordinance of Sabah [Sabah Cap. 68], other than sections 65, 66 and 69, and the purposes of the Land Code of Sarawak [Sarawak Cap. 81], other than section 5, to be a Native:
Provided that subsection 70(3) of the Land Ordinance of Sabah shall not apply to the Authority or any corporation.
(2) Notwithstanding any provision of the Malay Reservations Enactment of the State of Terengganu [Terengganu En. 17 of 1360
(AH)] to the contrary no registered interest of the Authority or any board or corporation as proprietor in any land in the State of Terengganu not included in a Malay reservation shall be deemed to be a Malay holding for the purposes of the said Enactment.
Compulsory acquisition of land
When any immovable property, not being State or Federal land, is needed to be acquired for the purposes of this Act, such property may be acquired in accordance with any written law relating to the acquisition of land for a public purpose for the time being in force in any part of Malaysia, and any declaration required by any such written law that such land is so needed may be made notwithstanding that compensation is to be paid by the Authority or a board or corporation, and such declaration shall have effect as if it were a declaration that such land is needed for a public purpose in accordance with such written law:
Provided that no immovable property in the State of Sabah or Sarawak shall be acquired until the concurrence of the Yang di- Pertua Negeri of Sabah or Sarawak has first been obtained.
