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← Labuan Financial Services Authority Act 1996

Labuan Financial Services Authority Act 1996 s 30

Labuan Financial Services Authority Act 1996 s 30

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 30 Expenditure to be charged on the Fund

The Fund shall be expended for the purpose of— (a) paying any expenditure lawfully incurred by the Authority, including legal fees and costs and other fees and costs, and the remuneration of officers and servants of the Authority, including the granting of loans, superannuation allowances or gratuities; (b) paying any other expenses, costs or expenditure properly incurred or accepted by the Authority in the performance of its functions or the exercise of its powers under this Act; (c) purchasing or hiring equipment, machinery and any other materials, acquiring land and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this Act; (d) repaying any moneys borrowed under this Act and the interest due thereon; and (e) generally, paying any expenses for carrying into effect the provisions of this Act.

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

Find Act 545 on lom.agc.gov.my ↗

Text as at 1 June 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).

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