Section 27
Withdrawals [S 18/2022]
of Perbadanan Tabung Amanah Islam Brunei Act
(1)
Subject to the provisions of this section, any amount standing to the credit of a subscriber of the Hajj Fund may be withdrawn —
(a)
for defraying all or part of the costs of the subscriber of the
Hajj Fund’s pilgrimage;
(b)
on the death of the subscriber of the Hajj Fund;
(c)
on the subscriber of the Hajj Fund satisfying the
Perbadanan TAIB that by reason of age, sickness or in the other circumstances he is unlikely to be able to make his pilgrimage during his lifetime;
(d)
on the subscriber of the Hajj Fund satisfying the
Perbadanan TAIB that he is about to leave Brunei Darussalam and has no intention of returning thereto; and
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(e)
in any other case where the Perbadanan TAIB, having regard to all the circumstances of the case, allow the withdrawals, but not otherwise.
(2)
On a withdrawal under subsection (1)(a), the Perbadanan TAIB may, in lieu of making payment in cash, provide the subscriber of the
Hajj Fund with tickets, travel voucher or other documents necessary for the pilgrimage.
Guarantee by Government 28.
(1)
The Government shall be responsible for the payment of all monies due by the Perbadanan TAIB but nothing in this section authorises a creditor or other person claiming against the Perbadanan TAIB to sue the
Government in respect of his claim.
(2)
Any payment out of the Consolidated Fund shall, as soon as practicable, be repaid by the Perbadanan TAIB to the Consolidated Fund and until repaid shall be a debt to the Government and a first charge on the assets of the Perbadanan TAIB and the Reserve Fund.
Annual estimates 29.
(1)
The Managing Director shall not later than one month before the commencement of each financial year, lay before the Board an estimate of expenditure of the Perbadanan TAIB (including capital expenditure) for the ensuing year in such detail and form as the Board may determine.
(2)
A copy of such estimates shall be sent to each member of the
Board not less than 14 days prior to the meeting before which the estimates is to be laid.
Accounts and audit 30.
(1)
The Perbadanan TAIB shall keep proper accounts and other records in respect of its operation and shall prepare a statement of accounts in respect of each financial year.
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(2)
The accounts of the Perbadanan TAIB shall be audited annually by —
(a)
the Auditor General; or
(b)
any person who has been authorised to perform the duties required by the Companies Act (Chapter 39) to be performed by an auditor, who shall be appointed annually by the Perbadanan TAIB with the approval of the Minister responsible for finance:
Provided that where the accounts of the Perbadanan TAIB have been audited by a person appointed under paragraph (b), they may be verified by the Auditor General before a copy of the statement of those accounts is transmitted pursuant to subsection (3) to the Minister responsible for finance.
(3)
After the end of each financial year, as soon as the accounts of the Perbadanan TAIB have been audited, the Perbadanan TAIB shall cause a copy of the statement of accounts to be transmitted to the Minister responsible for finance together with a copy of any observation made by the
Auditor General or other auditor appointed under subsection (2) on any statement or on any account of the Perbadanan TAIB.
(4)
The Minister responsible for finance shall cause a copy of every such statements and observations to be transmitted to His Majesty the Sultan and Yang Di-Pertuan.
Annual report 31.
(1)
The Perbadanan TAIB shall, within 6 months from the close of its financial year, cause to be made and transmitted to the
Minister responsible for finance a report dealing with the activities of the
Perbadanan TAIB during the preceding financial year and containing such information relating to the proceedings and policy of the Perbadanan TAIB as the Minister responsible for finance may from time to time direct.
(2)
The Minister responsible for finance shall cause a copy of every such report to be transmitted to His Majesty the Sultan and Yang Di-Pertuan.
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