Malaysian Media Council Act 2025 Part V — FINANCE

s 17–s 18 · 2 sections

Malaysian Media Council Fund

s 17

(1) A fund to be known as the “Malaysian Media Council Fund” is established and shall be administered and controlled by the Council. (2) The Malaysian Media Council Fund shall consist of— (a) such sums as may be provided by Parliament from time to time for the purposes of this Act; (b) all moneys earned by the fees collected, operation of any project or scheme financed from the Malaysian Media Council Fund; (c) all moneys earned or arising from any property, mortgage, lease, tenancy, charge or debenture acquired by or vested in the Council; (d) moneys received by the Council by way of grants or donations that are lawfully received by the Council; and (e) all other sums and properties which may in any manner become payable to or vested in the Council in respect of any matter incidental to the performance of its functions and the exercise of its powers. (3) For the purposes of paragraph (2)(a), for any period that the Council received any sums provided by the Parliament for the purposes of this Act, the Statutory Bodies (Accounts and Annual Reports) Act 1980 [Act 240] shall apply to the Council. (4) The Council shall not receive any foreign fund. (5) Notwithstanding subsection (4), the Council may receive foreign fund without any conditions from any individual or foreign organization for the purpose of promoting awareness and providing education in relation to media industry, subject to the approval of the Minister.

Expenditure to be charged on Malaysian Media Council Fund

s 18

(1) The Malaysian Media Council Fund shall be expended for the following purposes: (a) paying any expenditure lawfully incurred by the Council; (b) paying the remuneration, allowances and other expenses of the members of the Board, committees and employees of the Council; (c) financing research activities in relation to the development of the media industry; (d) paying any membership fees to any bodies or associations, within or outside of Malaysia, of which the Council is a member as the Board may determine; (e) making contributions to bodies or organizations, within or outside Malaysia, related to journalism activities as the Board may determine; and (f) paying any other expenses, costs or expenditure in relation to the procurement of goods and services, including the engagement of consultants, fees and legal costs and other fees and costs, properly incurred or accepted by the Council in the performance of its functions and exercise of its powers under this Act. (2) Notwithstanding paragraph (1)(e), any contributions to bodies or organizations outside Malaysia shall be subject to the approval of the Minister.

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

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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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