Employee Trust Act Formerly Known as Tabung Amanah Pekerja Act · s 15B

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s 15BBoard to maintain approved scheme

(1)

For the purposes of the Trust, the Board may maintain an approved scheme as may be established or approved by the Minister for the benefit of any person who qualifies under such scheme.

(2)

The Board shall credit any payment received under an approved scheme into an ordinary account as the Minister may direct.

(3)

Any payment paid into the Trust in accordance with the terms of an approved scheme is deemed to be contributions for the purposes of this

Act.

(4)

The Board may, on application by a member of the Trust who has participated in an approved scheme and is eligible to make a withdrawal under the terms of such scheme, authorise payment of the whole or part of an amount, together with any dividend credited thereon and in such manner, as provided under those terms.