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← Employment Insurance System Act 2017

Employment Insurance System Act 2017 s 57

Employment Insurance System Act 2017 s 57

s 57 Valuation of assets and liabilities

(1) The Board shall, in every five years, cause an actuarial review to be carried out on the implementation of the System under this Act, involving a valuation of the assets and liabilities of the Organization, and such report shall be submitted to the Minister. (2) Notwithstanding subsection (1), the Minister may direct that such actuarial review and the valuation of the assets and liabilities to be made at any other time as he considers necessary.

Malay text (authoritative)

Penilaian aset dan liabiliti

(1) Lembaga hendaklah, pada tiap-tiap lima tahun, menyebabkan supaya suatu kajian semula aktuari dijalankan mengenai pelaksanaan Sistem di bawah Akta ini, yang melibatkan penilaian aset dan liabiliti Pertubuhan, dan laporan itu hendaklah dikemukakan kepada Menteri. (2) Walau apa pun subseksyen (1), Menteri boleh mengarahkan supaya apa-apa kajian semula aktuari dan penilaian aset dan liabiliti dibuat pada bila-bila masa yang lain sebagaimana yang difikirkannya perlu.

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

Find Act 800 on lom.agc.gov.my ↗

Text as at 1 November 2021 (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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