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National Defence Fund (Dissolution and Transfer) Act 1984

REPRINT

Act 305

NATIONAL DEFENCE FUND

(DISSOLUTION AND

TRANSFER) ACT 1984

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

NATIONAL DEFENCE FUND (DISSOLUTION AND

TRANSFER) ACT 1984

Date of Royal Assent ... ... ... ... ... ... 27 June 1984 Date of publication in the Gazette ... ... ... 28 June 1984 PREVIOUS REPRINT

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

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LAWS OF MALAYSIA

Act 305

NATIONAL DEFENCE FUND (DISSOLUTION AND

TRANSFER) ACT 1984

ARRANGEMENT OF SECTIONS

Section

1. Short title

2. Interpretation

3. Dissolution of the National Defence Fund and transfer of its assets and liabilities to the National Heroes Welfare Trust Fund 4 ACT 305Laws of Malaysia

5National Defence Fund (Dissolution and Transfer) LAWS OF MALAYSIA

Act 305

NATIONAL DEFENCE FUND (DISSOLUTION AND

TRANSFER) ACT 1984

An Act to dissolve the National Defence Fund and to transfer all its properties and liabilities to the National Heroes Welfare Trust Fund, and to provide for matters incidental thereto or connected therewith.

[5 October 1984, P.U. (B) 450/1984]

WHEREAS the trustees of the National Defence Fund have decided to dissolve the said Fund and transfer all its properties and liabilities to the National Heroes Welfare Trust Fund, such properties to be held in trust and utilized in accordance with the terms and for the purposes, as may for the time being, be set out in the Instrument of Trust in respect of the National Heroes Welfare Trust Fund; AND WHEREAS the Managerial Board of the National Heroes Welfare Trust Fund has decided to accept such transfer; Now therefore 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 National Defence Fund (Dissolution and Transfer) Act 1984.

Interpretation

2. In this Act, unless the context otherwise requires-- "National Defence Fund" means the Fund maintained in the National Defence Fund Trust Account established under section 9 of the Financial Procedure Act 1957 [Act 61];

6 ACT 305Laws of Malaysia

"National Heroes Welfare Trust Fund" means the trust fund so named which is maintained and managed under an Instrument of Trust executed on 31 October 1968 between the Managerial Board of the said Trust Fund of the one part and the Public Trustee, Malaysia of the other part.

Dissolution of the National Defence Fund and transfer of its assets and liabilities to the National Heroes Welfare Trust Fund

3. (1) The National Defence Fund shall, on the commencement of this Act, be dissolved and all moneys, securities and other assets standing to its credit in the trust account maintained in respect of it under section 9 of the Financial Procedure Act 1957, or otherwise belonging to or due to be paid into the said Fund, immediately before the commencement of this Act shall, on the commencement of this Act, be transferred to the National Heroes Welfare Trust Fund and vest in the trustee of the said Trust Fund, and such transfer and vesting shall have effect without any document of transfer, conveyance or assignment whatsoever. (2) The moneys, securities and other assets transferred under subsection (1) shall be held in trust and utilized under the National Heroes Welfare Trust Fund in accordance with the terms and for the purposes, as may for the time being, be set out in the Instrument of Trust in respect thereof.

(3) All rights and liabilities which immediately before the commencement of this Act were those of the National Defence Fund shall, on the commencement of this Act, devolve on the National Heroes Welfare Trust Fund.

7National Defence Fund (Dissolution and Transfer) LAWS OF MALAYSIA

Act 305

NATIONAL DEFENCE FUND (DISSOLUTION AND

TRANSFER) ACT 1984

LIST OF AMENDMENTS

Amending law Short title In force from

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8 ACT 305Laws of Malaysia

DICETAK OLEH

PERCETAKAN NASIONAL MALAYSIA BERHAD,

KUALA LUMPUR

BAGI PIHAK DAN DENGAN PERINTAH KERAJAAN MALAYSIA

LAWS OF MALAYSIA

Act 305

NATIONAL DEFENCE FUND (DISSOLUTION AND

TRANSFER) ACT 1984

LIST OF SECTIONS AMENDED

Section Amending authority In force from

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