Section 24A
of Employee Trust Act ( Formerly Known as Tabung Amanah Pekerja Act )
ActIn forceProvision 21 of 33
Section 24A
(1)
An amount withdrawn by any member of the Trust under this Act shall be utilised for the purpose for which the withdrawal was authorised.
(2)
Where all of the amount withdrawn under this Act or any part of the amount is not utilised for the purpose for which such withdrawal was authorised, the member of the Trust shall return all the amount or the part which is not utilised to the Board within 6 months from the date of withdrawal.
(3)
For the purpose of subsection (2), “date of withdrawal” means the date of withdrawal as provided in section 20.
Employee Trust 28
(4)
Any member of the Trust who contravenes subsections (1)
and (2) is guilty of an offence.