Section 15A
of Employee Trust Act ( Formerly Known as Tabung Amanah Pekerja Act )
Section 15A
(1)
Notwithstanding anything in this Act but subject to such conditions as the Board may impose —
(a)
any member may, in respect of whom no contribution is required to be paid under this Act, contribute voluntarily to the Trust in such manner and at such rate as the Minister may direct;
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(b)
the Board shall credit every contribution received under paragraph (a) into an ordinary account in such manner as the Minister may direct; and
(c)
the Minister may give different directions in respect of different classes of members.
(2)
The Board may continue to receive such voluntary contributions unless and until the member notifies or indicates his intention not to continue his contributions.
PART 2A [S 9/2024]
APPROVED SCHEME
Board to maintain approved scheme 15B.
(1)
For the purposes of the Trust, the Board may maintain an approved scheme as may be established or approved by the Minister for the benefit of any person who qualifies under such scheme.
(2)
The Board shall credit any payment received under an approved scheme into an ordinary account as the Minister may direct.
(3)
Any payment paid into the Trust in accordance with the terms of an approved scheme is deemed to be contributions for the purposes of this
Act.
(4)
The Board may, on application by a member of the Trust who has participated in an approved scheme and is eligible to make a withdrawal under the terms of such scheme, authorise payment of the whole or part of an amount, together with any dividend credited thereon and in such manner, as provided under those terms.
Payment of cash grant by Government into Trust 16.
(1)
The Board may accept any cash grant made by the Government for the benefit of any person who qualifies for such grant under any scheme approved by the Minister; and the Board shall credit the cash grant into such account of that person as the Minister may direct.
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(1A)
Any cash grant paid into the Trust under subsection (1) shall be disbursed in accordance with the terms and conditions of the cash grant.
(2)
Any cash grant paid into the Trust under subsection (1)
is deemed to be contributions for the purposes of this Act, but such cash grant or dividend thereon shall not be withdrawn under any regulations made under section 38 unless those regulations expressly provide for the withdrawal of such cash grant.
(3)
Notwithstanding anything in this Act, the Board shall be entitled to recover on behalf of the Government any cash grant paid into the Trust for the benefits of any person, together with any service charge which he is liable to pay the Government under the terms and conditions of the cash grant, from any money standing to the credit of that person in the Trust if that person has —
(a)
obtained the cash grant by means of any false or misleading statement or any document that is false or misleading in any particular; or
(b)
committed a breach of any of the terms and conditions of the cash grant.
(4)
Any money recovered by the Board from any person under subsection (3) shall be refunded forthwith to the Government.