Payment Systems Act 2003 s 12

This legislation has been repealed. Do not cite it as law in force.

Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.

s 12

Where a person becomes disqualified under subsection 9(1) or 10(1) after his appointment— (a) he shall immediately cease to hold office; and (b) the operator of the designated payment system shall immediately terminate his appointment, and that person, notwithstanding any contract of service, shall not be entitled to claim any compensation for his loss of office or termination of appointment. Governance arrangements

Malay text (authoritative)

Kesan kehilangan kelayakan

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Find Act 627 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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Payment Systems Act 2003, full textChapter navigation and full text, so you can read this section in contextMalaysia legislation Malaysia Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Chapter 2 — Requirements for Operation of Designated Payment Systems — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections