Labuan Islamic Financial Services and Securities Act 2010 s 142
Labuan Islamic Financial Services and Securities Act 2010 s 142
s 142 Application of Exchange Control Act 1953
(1) Subject to subsections (2) and (3), nothing in this Act shall affect the provisions of the Exchange Control Act 1953 and in the application of any provision of this Act to a person or an Islamic bank licensee, such provision shall apply subject to the provisions of the Exchange Control Act 1953.
(2) Where there is conflict or inconsistency between the provisions of this Act and the provisions of the Exchange Control Act 1953, the provisions of the Exchange Control Act 1953 shall prevail.
(3) The provisions of the Exchange Control Act 1953 shall not apply in respect of any transactions exempted under that Act and any guidelines, circulars or notices issued under the Exchange Control Act 1953.
Malay text (authoritative)
Pemakaian Akta Kawalan Pertukaran Wang 1953
(1) Tertakluk kepada subseksyen (2) dan (3), tiada apa-apa jua dalam Akta ini boleh menyentuh peruntukan Akta Kawalan Pertukaran Wang 1953 dan dalam pemakaian mana-mana peruntukan Akta ini bagi seseorang atau pemegang lesen bank Islam, peruntukan itu hendaklah terpakai tertakluk kepada peruntukan Akta Kawalan Pertukaran Wang 1953.
(2) Jika terdapat apa-apa percanggahan atau ketidakselarasan antara peruntukan Akta ini dengan peruntukan Akta Kawalan Pertukaran Wang 1953, peruntukan Akta Kawalan Pertukaran Wang 1953 hendaklah dipakai.
(3) Peruntukan Akta Kawalan Pertukaran Wang 1953 tidak terpakai berkenaan dengan apa-apa transaksi yang dikecualikan di bawah Akta itu dan apa-apa garis panduan, pekeliling atau notis yang dikeluarkan di bawah Akta Kawalan Pertukaran Wang 1953.
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).
