Labuan Foundations Act 2010 s 60
s 60 Audit of Labuan foundation
(1) Where, on an application to the Court by a founder, a council member, a supervisory person, an officer, a secretary or a beneficiary, the Court is satisfied that there is prima facie evidence of a failure to comply with the constituent document or the requirements of this Act in the conduct of a Labuan foundation, the Court may order the appointment of an approved auditor to carry out an audit of the Labuan foundation.
(2) The appointment of an approved auditor under subsection (1) may be made conditional on the lodging by the applicant with the Court of an amount, to be determined by the Court, by way of security, for the costs of carrying out the audit.
(3) The approved auditor appointed under this section shall submit his report to the Court within such time as the Court may determine.
(4) The Court shall make such order as to costs as it thinks fit, taking into account whether or not the application was well-founded, and where the application was not well-founded, the Court may order that any loss or cost occasioned to the Labuan foundation by the audit be met by the applicant.
Malay text (authoritative)
Audit yayasan Labuan
(1) Jika, atas permohonan kepada Mahkamah oleh pengasas, anggota majlis, orang yang menyelia, pegawai, setiausaha atau benefisiari, Mahkamah berpuas hati bahawa terdapat keterangan prima facie mengenai kegagalan untuk mematuhi dokumen konstituen atau kehendak Akta ini dalam penjalanan sesuatu yayasan Labuan, Mahkamah boleh memerintahkan supaya dilantik seorang juruaudit diluluskan untuk menjalankan audit terhadap yayasan Labuan itu.
(2) Pelantikan seorang juruaudit diluluskan di bawah subseksyen
(1) boleh dijadikan tertakluk kepada syarat diserahkan oleh pemohon itu dengan Mahkamah suatu amaun, yang akan ditentukan oleh Mahkamah itu, sebagai jaminan, bagi kos menjalankan audit itu.
(3) Juruaudit diluluskan yang dilantik di bawah seksyen ini hendaklah mengemukakan laporannya kepada Mahkamah dalam apaapa tempoh masa yang ditentukan oleh Mahkamah.
(4) Mahkamah hendaklah membuat apa-apa perintah mengenai kos sebagaimana yang difikirkannya patut, dengan mengambil kira sama ada atau tidak permohonan itu mempunyai asas yang kukuh, dan jika permohonan itu tidak mempunyai asas yang kukuh, Mahkamah boleh memerintahkan supaya apa-apa kerugian atau kos yang disebabkan kepada yayasan Labuan itu dengan audit itu dibayar oleh pemohon itu.
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Find Act 706 on lom.agc.gov.my ↗
Text as at 1 August 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).
