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← Malaysian Palm Oil Board Act 1998

Malaysian Palm Oil Board Act 1998 s 32

Malaysian Palm Oil Board Act 1998 s 32

s 32 The Fund

(1) There is established, for the purposes of this Act, a fund to be known as the “Malaysian Palm Oil Board Fund”, to be administered and controlled by the Board. (2) The Fund shall consist of— (a) such sums as may be provided for the purposes of this Act by the Federal or any State Government; (b) moneys earned by the operation of any project, scheme or enterprise financed from the Fund; (c) moneys earned or arising from any property, investment, mortgage, charge or debenture acquired by or vested in the Board; (d) any property, investment, mortgage, charge or debenture acquired by or vested in the Board; (e) sums borrowed by the Board for the purposes of meeting any of its obligations or discharging any of its duties; (f) moneys earned from the consultancy, advisory or any other services provided by the Board; (g) moneys collected or paid under section 35; (h) moneys collected or paid under section 71; (i) moneys collected by the Board under the regulations made under this Act and specified therein as sums payable into the Fund; (j) moneys distributed as dividends from the corporations established under this Act; (k) donations and contributions received from within or outside Malaysia and includes moneys received from any government or organization outside Malaysia; and (l) all other sums or property which may in any manner become payable to or vested in the Board in respect of any matter incidental to its functions and powers.

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

Find Act 582 on lom.agc.gov.my ↗

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).

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