Employee Trust Act Formerly Known as Tabung Amanah Pekerja Act · s 24A

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 24A

(1)

An amount withdrawn by any member of the Trust under this Act shall be utilised for the purpose for which the withdrawal was authorised.

(2)

Where all of the amount withdrawn under this Act or any part of the amount is not utilised for the purpose for which such withdrawal was authorised, the member of the Trust shall return all the amount or the part which is not utilised to the Board within 6 months from the date of withdrawal.

(3)

For the purpose of subsection (2), “date of withdrawal” means the date of withdrawal as provided in section 20.

Employee Trust 28

(4)

Any member of the Trust who contravenes subsections (1)

and (2) is guilty of an offence.