s 60 Application of funds of Medical Council, etc.
60.—(1) All fees, penalties and other moneys payable to the Medical Council under this Act that are not paid are recoverable as a debt due to the Medical Council.[Act 34 of 2020 wef 01/07/2022] (2) Subject to subsection (2A), all fees and other moneys (other than penalties) collected or recovered by the Medical Council under this Act must be paid to the Medical Council.[Act 34 of 2020 wef 01/07/2022] (2A) All penalties collected or recovered under this Act must be paid into the Consolidated Fund.[Act 34 of 2020 wef 01/07/2022] (3) The costs and expenses of and incidental to the performance of the functions of the Medical Council, the Complaints Committees, the Disciplinary Tribunals, the Health Committee and any other committee appointed by the Medical Council under this Act must be paid by the Medical Council out of its funds. (4) The Minister may pay into the funds of the Medical Council such sum of money out of moneys to be provided by Parliament as the Minister may determine. (4A) The Medical Council may invest moneys belonging to its funds in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act 1965.[Act 34 of 2020 wef 01/07/2022]