ACT 589 MALAYSIAN COMMUNICATIONS AND MULTIMEDIA COMMISSION ACT 1998
PART V - FINANCE
Section 38. The Fund.
(1)There is hereby established a Fund to be known as the "Malaysian Communications and Multimedia Commission Fund " to be administered and controlled by the Commission.
(2)The Fund shall consist of —
(a) moneys transferred from the Telecommunications Fund established under the Telecommunications Act 1950 [Act 20 ], which has been dissolved under the Communications and Multimedia Act 1998 [Act 588 ];
(b) such sums as may be provided by Parliament, from time to time, for the purposes of the communications and multimedia laws;
(c) all or any part of the licence fees, administration charges, levies or other charges imposed by or payable to the Commission under the communications and multimedia laws;
(d) all moneys derived as income from investments by the Commission;
(e) all moneys derived from the sale, disposal, lease or hire of, or any other dealing with, any property, mortgages, charges or debentures vested in or acquired by the Commission;
(f) all moneys earned from consultancy and advisory services and any other service provided by the Commission;
(g) all other moneys and property which may in any manner become payable to or vested in the Commission in respect of any matter incidental to its functions and powers;
(h) sums borrowed by the Commission under section 43; and
(i) all other moneys lawfully received by the Commission, including interest.
(3) Notwithstanding paragraph 38(2)(c), monies referred to in that paragraph which are in excess of the financial requirements of the Commission for the performance of its functions under this Act may be paid into the Consolidated Fund.