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Loans (Central Bank of Malaysia) Act 1960 (Revised 1991)

LAWS OF MALAYSIA

REPRINT

Act 459

LOANS (CENTRAL BANK OF

MALAYSIA) ACT 1960

Incorporating all amendments up to 1 January 2006 PUBLISHED BY

THE COMMISSIONER OF LAW REVISION, MALAYSIA

UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968 IN COLLABORATION WITH

PERCETAKAN NASIONAL MALAYSIA BHD

2006

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LOANS (CENTRAL BANK OF MALAYSIA)

ACT 1960

First enacted ... ... ... ... ... ... ... 1960 (Ord. No. 16 of 1960)

Revised ... ... ... ... ... ... ... 1991 (Act 459 w.e.f 13 April 1991)

PREVIOUS REPRINT

First Reprint ... ... ... ... ... 2001

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LAWS OF MALAYSIA

Act 459

LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960

ARRANGEMENT OF SECTIONS

Section

1. Short title

2. (Omitted)

3. Bank to undertake management of loans

4. Power of Minister to fix fee

5. Saving SCHEDULE

4 Laws of Malaysia ACT 459

5Loans (Central Bank of Malaysia)

LAWS OF MALAYSIA

Act 459

LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960

An Act to provide for the issue and management by the Central Bank of Malaysia of loans raised under certain laws. [27 June 1960, L.N. 128/1960]

BE IT ENACTED by the Seri Paduka Baginda Yang di-Pertuan Agong with the advice and consent of the Dewan Negara and Dewan Rakyat in Parliament assembled, and by the authority of the same, as follows:

Short title

1. This Act may be cited as the Loans (Central Bank of Malaysia) Act 1960.

2. (Omitted). Bank to undertake management of loans

3. On and after the date of the coming into operation of this Act the Central Bank of Malaysia shall undertake the issue and management of the loans raised under the laws specified in the Schedule; and the Minister of Finance may by order make such modifications and amendments in any such laws as appear to him necessary or expedient for the purpose of giving effect to this section.

Power of Minister to fix fee

4. The Minister of Finance may fix such fee as he considers reasonable for the performance by the Central Bank of Malaysia of the powers and duties conferred or imposed under this Act, and any such fee shall be charged on the Consolidated Fund. 6 Laws of Malaysia ACT 459

Saving

5. Nothing in this Act shall take away or interfere with any right of any lawful holder of any stock issued under any of the laws specified in the Schedule.

7Loans (Central Bank of Malaysia)

SCHEDULE

[Section 3]

Federated Malay States Loan Enactment 1936 (F.M.S. 12 of 1936). Loan Ordinance 1946 (M.U. 10 of 1946).

Loan Ordinance 1949 (F of M. 16 of 1949).

Loan Ordinance 1951 (F. of M. 59 of 1951).

Federation of Malaya Security Loan Ordinance 1952 (F. of M. 65 of 1952). Loan Ordinance 1955 (F. of M. 12 of 1955).

Loan (Local) Ordinance 1957 (F. of M. 68 of 1957). 8 Laws of Malaysia ACT 459

LAWS OF MALAYSIA

Act 459

LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960

LIST OF AMENDMENTS

Amending law Short title In force from

-- NIL --

9Loans (Central Bank of Malaysia)

LAWS OF MALAYSIA

Act 459

LOANS (CENTRAL BANK OF MALAYSIA) ACT 1960

LIST OF SECTIONS AMENDED

Section Amending authority In force from

-- NIL --

DICETAK OLEH

PERCETAKAN NASIONAL MALAYSIA BERHAD,

KUALA LUMPUR

BAGI PIHAK DAN DENGAN PERINTAH KERAJAAN MALAYSIA