Maritime and Port Authority of Brunei Darussalam Act · 2021 Revised Edition · Part 5
22. Application of Fund
Official textFrom Attorney General's Chambers, unchanged
The Fund for any financial year shall be applied in defraying the following charges -
the remuneration, fees and allowances of the members of the
Authority;
the salaries, fees, remuneration, superannuation allowances and gratuities of the officers, agents, employees, advisers and former a employees of the Authority or its predecessors;
working and establishment expenses and expenditure on, or provision for, the maintenance of any of the property of the Authority, and the discharge of the functions of the Authority properly chargeable to the Fund;
interest on any debentures issued and on any loan raised by the Authority;
Maritime and Port
Authority of Brunei Darussalanz
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sums required to be paid to the Government towards repayment of any loan made by the Government to the Authority;
(fl sums required to be transferred to a sinking fund or otherwise set aside for the purpose of making provision for the redemption of debentures or the repayment of other borrowed money;
such sums as may be deemed appropriate to set aside in respect of depreciation or renewal of the property of the Authority, having regard to the amounts set aside out of the Fund under paragraphs (c) and fl;
the cost, or any portion thereof, of any new works, plants, vessels, vehicles, machinery, equipment or appliances not being a renewal of the property of the Authority, which the Authority may determine to charge the Fund;
such sums by way of contribution, for the purposes associated with the objects of this Act as the Authority may determine, to the public or for charities; and
any other expenditure authorised by the Authority and properly chargeable to the Fund.
The balance of the Fund, with respect each financial year, shall be applied to the creation of a general reserve and such other reserves as the
Authority may think fit.
Part 6
Part
Employment of Seamen
Part
Regulation of Port
Part
Removal of Vessel and Aircraft Sunk and Other Obstruction
Part
Pilotage
Part
Regulation and Control of Seaward Activities
Part
Licensing of Marine and Port Services and Facilities
Part
Control of Relevant Public Licensees
Part
Liability of Authority
Part
Offences
Part