Legislation Update

 

Supplementary Supply (2013) Act 2013
The Supplementary Supply (2013) Act 2013 came into force on 2 November 2013. It is an Act to apply a sum from the Consolidated Fund for additional expenditure for the service of the year 2012 and to appropriate that sum for certain purposes for that year. 

Supplementary Supply (2012) Act 2013
The Supplementary Supply (2012) Act 2013 came into force on 7 September 2013. It is an Act to apply a sum from the Consolidated Fund for additional expenditure for the service of the year 2012 and to appropriate that sum for certain purposes for that year.

Environmental Quality (Control of Petrol and Diesel Properties) (Amendments) Act 2013
The Environmental Quality (Control of Petrol and Diesel Properties) (Amendments) Act 2013 was made on 20 August 2013. Regulation 2 came into operation on 2 September 2013 while Regulation 3 will come into operation on 1 June 2013.

Safeguards (Amendment) Act 2012
The Safeguards (Amendment) Act 2012 came into operation on 1 September 2013. It is an Act to amend the Safeguards Act 2006 which is an Act to make provisions for the investigation and determination of safeguard measures on products imported into Malaysia and other matters connected therewith. 

Financial Services Act 2013 
The Financial Services Act 2013 which came into force on 30 June 2013 except section 129 and Schedule 9. With the coming into force of the Financial Services Act 2013, the Banking and Financial Institutions Act 1989, the Exchange Control Act 1953, the Insurance Act 1996 and the Payment Systems Act 2003 are repealed.

Islamic Financial Services Act 2013
The Islami Financial Services Act 2013 which came into force on 30 June 2013 except paragraphs 1 to 10 Schedule 9 and paragraphs 13 to 19 Schedule 9. With the coming into force of the Islamic Financial Services Act 2013, the Islamic Banking Act 1983 and Takaful Act 1984 are repealed. 

Medical Device Act 2012
The Medical Device Act 2012 has taken effect on 30 June 2013. It is an Act to regulate medical devices, the industry and to provide for matters connected thereto.

Postal Services Act 2012
The Postal Services Act 2012 has taken effect on 1 April 2013. It is an Act to provide for the licensing of postal services and the regulation of the postal services industry, and for incidental or connected matters.