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

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s 15Crediting of contributions into an ordinary account

(1)

Subject to subsection (3), there shall be maintained for each member in respect of the money standing to his credit in an ordinary account in the Trust.

(2)

The Board shall credit to the ordinary account specified in subsection (1) every contribution paid into the Trust for a member in such manner as the Minister may direct, and the Minister may give different directions in respect of different classes of members.

(3)

Where any contributions are paid into the Trust by any person pursuant to any regulations made under section 38(1)(e), the Minister may direct that the amount of such contribution be credited into an ordinary account.

Voluntary contributions [S 9/2024]