Section 13
of Employee Trust Act ( Formerly Known as Tabung Amanah Pekerja Act )
Section 13
(1)
All sums recovered or collected on account of contributions to the Trust under this Act shall be paid into or carried to the Fund in such manner as the Board may determine.
(2)
The Board shall cause to be credited to each member —
(a)
the amount of every contribution paid to the Trust for him; and
(b)
dividend at the rate declared under section 6(4) at such intervals as the Board may determine and on the amount standing to his credit in the Trust at such time as the Board may determine.
Crediting of contributions into an ordinary account 15.
(1)
Subject to subsection (3), there shall be maintained for each member in respect of the money standing to his credit in an ordinary account in the Trust.
(2)
The Board shall credit to the ordinary account specified in subsection (1) every contribution paid into the Trust for a member in such manner as the Minister may direct, and the Minister may give different directions in respect of different classes of members.
(3)
Where any contributions are paid into the Trust by any person pursuant to any regulations made under section 38(1)(e), the Minister may direct that the amount of such contribution be credited into an ordinary account.
Voluntary contributions [S 9/2024]