International Monetary Fund (Ratification of Amendments to the Articles of Agreement) Act 1969 s 4
s 4 Payments and receipts in connection with Special Drawing Account
(1) In the event that Malaysia becomes a participant in the Special Drawing Account, the following subsections shall have effect.
(2) Special Drawing Rights allocated to Malaysia under Article XXIV of the Articles of Agreement as amended and those otherwise acquired by Malaysia, shall be credited to the Federal Consolidated Fund.
(3) All proceeds arising from the use of Special Drawing Rights by Malaysia, and payments of interest to Malaysia under
International Monetary Fund (Ratification of Amendments to the Articles of Agreement) Articles XXVI, XXX and XXXI of the Articles of Agreement as amended, shall be credited to the Federal Consolidated Fund.
(4) Currency payments by Malaysia in return for Special Drawing Rights, and payments of charges or assessments under Articles XXVI, XXX, and XXXI of the Articles of Agreement as amended, shall be charged on the Federal Consolidated Fund.
Malay text (authoritative)
(1) Jika Malaysia menjadi peserta dalam Akaun Pengeluaran Khas itu, semua subseksyen yang berikut hendaklah berkuat kuasa.
(2) Hak Pengeluaran Khas yang diuntukkan kepada Malaysia di bawah Perkara XXIV Perkara-Perkara Perjanjian sebagaimana yang dipinda dan hak yang diperoleh oleh Malaysia selainnya, hendaklah dikreditkan kepada Kumpulan Wang Yang Disatukan Persekutuan.
(3) Segala hasil yang terbit daripada penggunaan Hak Pengeluaran Khas oleh Malaysia, dan pembayaran bunga kepada Malaysia di bawah Perkara XXVI, XXX dan XXXI Perkara- Perkara Perjanjian sebagaimana yang dipinda, hendaklah dikreditkan kepada Kumpulan Wang Yang Disatukan Persekutuan.
(4) Pembayaran dengan mata wang oleh Malaysia sebagai balasan bagi Hak Pengeluaran Khas, dan pembayaran caj atau taksiran di bawah Perkara XXVI, XXX dan XXXI Perkara- Perkara Perjanjian sebagaimana yang dipinda, hendaklah dipertanggungkan kepada Kumpulan Wang Yang Disatukan Persekutuan.
Read this section in the full act β
Find Act 12 on lom.agc.gov.my β
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.
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).
