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← Bintulu Port Authority Act 1981

Bintulu Port Authority Act 1981 s 14

Bintulu Port Authority Act 1981 s 14

s 14 Investment of moneys not immediately required to be expended, and contributions to charity

(1) Moneys which are not immediately required to be expended in the discharge of any of the functions of the Authority shall, if invested, be invested by the Authority in investments authorized by any written law for the investment of trust funds, or in such other investments or securities as may be approved by the Minister of Finance, or may be deposited in a bank or financial institution approved by him: Provided that the Authority shall not invest moneys in securities issued or registered, or other property situated, outside Malaysia except with the approval in writing of the Minister of Finance to the making of that investment. (2) The Authority may, with the approval of the Minister, make financial contributions to its staff or to public or charitable objects.

Malay text (authoritative)

Pelaburan wang yang tidak dikehendaki dibelanjakan dengan segera, dan sumbangan kepada badan khairat

(1) Wang yang tidak dikehendaki untuk dibelanjakan dengan segera bagi menjalankan mana-mana fungsi Lembaga hendaklah, jika dilabur, dilaburkan oleh Lembaga ke dalam pelaburan yang dibenarkan oleh mana-mana undang-undang bertulis mengenai pelaburan wang amanah, atau dalam apa-apa pelaburan atau sekuriti lain yang diluluskan oleh Menteri Kewangan, atau boleh dideposit dalam bank atau institusi kewangan yang diluluskan olehnya; Dengan syarat bahawa Lembaga tidak boleh melaburkan wang dalam sekuriti yang dikeluar atau didaftar, atau harta benda lain yang terletak, di luar Malaysia kecuali dengan kelulusan secara bertulis daripada Menteri Kewangan terhadap membuat pelaburan itu. (2) Lembaga boleh, dengan kelulusan Menteri, memberi sumbangan wang bagi kebajikan kakitangannya atau bagi tujuan orang ramai atau badan khairat.

Read this section in the full act → · Open Part II →

Find Act 243 on lom.agc.gov.my ↗

Text as at 1 July 2015 (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).

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