Employee Trust Act Formerly Known as Tabung Amanah Pekerja Act · 2026 Revised Edition · Part · Contributions to Trust
15B. Board to maintain approved scheme
Official textFrom Attorney General's Chambers, unchanged
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.
The Board shall credit any payment received under an approved scheme into an ordinary account as the Minister may direct.
Board
“Board” means the Tabung Amanah Pekerja Board established under section 3 of the Tabung Amanah Pekerja Board Act;
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
approved scheme
“approved scheme” means a scheme established or approved by the Minister under section 15B;
Act.
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.
member
“member” means a member of the Trust to whose credit any amount is standing in the Trust, or for whom any account in the Trust is maintained for any purposes of this Act;
Terms defined in s 2
approved scheme
Defined · s 2“approved scheme” means a scheme established or approved by the Minister under section 15B;
Board
Defined · s 2“Board” means the Tabung Amanah Pekerja Board established under section 3 of the Tabung Amanah Pekerja Board Act;
member
Defined · s 2“member” means a member of the Trust to whose credit any amount is standing in the Trust, or for whom any account in the Trust is maintained for any purposes of this Act;
ordinary account
Defined · s 2“ordinary account” means an ordinary account maintained under section 15;
Part
Withdrawal of Contributions
Part
Offences, Penalties and Proceedings
Part