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Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
Anti-Corruption Agency Act 1982 [Act 271] ( Repealed by the Anti-Corruption Act 1997 [Act 575] ) Employees Provident Fund Act 1951 [Act 272] ( Repealed by the Employees Provident Fund Act 1991 [Act 452] ) Workmen’s Compensation Act 1952 [Act 273] 6th Parliament of Malaysia (Total: 54) Finance (No. 2) Act 1982 [Act 274] Government Funding Act ...
Repealed by Act 342 Malayan Railway Provident Fund (Dissolution) Act 1995: 534 In force Malaysia Co-operative Societies Commission Act 2007: 665 In force Malaysia Deposit Insurance Corporation Act 2005: 642 Repealed by Act 720 Malaysia Deposit Insurance Corporation Act 2011: 720 In force Malaysia External Trade Development Corporation Act 1992: ...
Retirement Fund (Incorporated) (Malay: Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees. KWAP is the investment manager of the Retirement Fund, which is applied towards financing the government's pension liability, and is responsible for the administration and ...
The Employees' Social Security Act 1969 (Malay: Akta Keselamatan Sosial Pekerja 1969), is a Malaysian laws which enacted to provide social security in certain contingencies and to make provision for certain other matters in relation to it.
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The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appointed by the Yang di-Pertuan Agong.
The Interpretation Acts 1948 and 1967 (Malay: Akta Tafsiran 1948 dan 1967) is a Malaysian law which enacted to provide for the commencement, application, construction, interpretation and operation of written laws; to provide for matters in relation to the exercise of statutory powers and duties; and for matters connected therewith.