s 27 Establishment of electronic transaction system
27.—(1) The Authority may establish an electronic transaction system —(a) to enable any person to carry out any transaction with the Registrar; (b) to enable the Registrar to issue, give or send any information or any approval, certificate, notice, determination or other document under this Act, a scheduled law;[Act 21 of 2024 wef 09/12/2024] (c) to enable the Authority to provide a service to the public by which information relating to transactions with the Registrar is supplied to the public (whether in bulk or otherwise); (ca) to facilitate the implementation of this Part;[Act 21 of 2024 wef 09/12/2024] (d) to enable the Authority to provide any other service falling within the Authority’s functions to persons registered or to be registered under a scheduled law.[18/2014; 40/2018] [Act 21 of 2024 wef 09/12/2024] [Act 22 of 2024 wef 09/06/2025] (e) [Deleted by Act 22 of 2024 wef 09/06/2025] (2) The information that may be provided under the service mentioned in subsection (1)(c) —(a) may include —(i) copies or extracts of documents filed or lodged with, submitted to, or issued by, the Registrar; (ii) information extracted from documents filed or lodged with, submitted to, or issued by, the Registrar; and (iii) collations, summaries, reports or analyses of documents filed or lodged with, submitted to, or issued by, the Registrar; (b) may consist of, or be derived from, documents filed or lodged with, submitted to, or issued by, the Registrar other than through the electronic transaction system; and (c) is subject to any restriction relating to confidentiality under a scheduled law.[Act 21 of 2024 wef 09/12/2024] [18/2014; 40/2018] (3) Where any transaction with the Registrar can be carried out using the electronic transaction system, the Registrar may refuse to process the transaction unless —(a) the transaction is carried out in accordance with this Part including the requirements for the use of the system specified in subsection (4); (aa) all information and documents required to be submitted to the Registrar using a form mentioned in section 28(1A) have been submitted as required;[Act 21 of 2024 wef 09/12/2024] (b) the transaction meets the requirements prescribed in the scheduled law in respect of which the transaction is made; and[Act 21 of 2024 wef 09/12/2024] (c) the fee or penalty payable in respect of the transaction has been paid.[18/2014; 40/2018] (4) Subject to this Part and any regulations made under section 35, the Chief Executive may determine the requirements for the use of the electronic transaction system, which may include —(a) terms and conditions of access to, and use of, the electronic transaction system; (b) security and authentication requirements for access to, and use of, the electronic transaction system; (c) retention and production of documents supporting or authenticating transactions; and (d) modes of payment for transactions.[18/2014] (5) The fees payable —(a) in respect of any transaction with the Registrar, or for the issue of any approval, certificate, notice, determination or other document under a scheduled law, referred to in subsection (1)(a) and (b) are to be determined under the scheduled law in respect of which the transaction was made or the approval, certificate, notice, determination or other document was issued; and[Act 21 of 2024 wef 09/12/2024] (b) in respect of any service provided by the Authority mentioned in subsection (1)(c) or (d) are to be determined by the Authority.[18/2014; 40/2018] (6) The Chief Executive must keep a record, in such form as the Chief Executive may determine, of —(a) all transactions with the Registrar under the scheduled laws carried out using the electronic transaction system unless otherwise ordered by an order of the court; and[Act 21 of 2024 wef 09/12/2024] (b) all approvals, certificates, notices, determinations and other documents issued under the scheduled laws through the electronic transaction system.[Act 21 of 2024 wef 09/12/2024] [28B [18/2014; 40/2018]