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Statutory Corporations (Contributions to Consolidated Fund) Act is Brunei Act, cited as Act 242 2016, currently marked in force and first recorded in 2016.
Chapter
(CONTRIBUTIONS TO CONSOLIDATED FUND)
S 28/2016 2022 Edition, Chapter 242
Amended by
S 42/2019
S 45/2020
S 1/2021
REVISED EDITION 2024
B.L.R.O. 1/2024
Statutory Corporations
(Contributions to Consolidated Fund)
B.L.R.O. 1/2024 3
REVISED EDITION 2024
(CONTRIBUTIONS TO CONSOLIDATED FUND)
Opening note
Citation
This Act may be cited as the Statutory Corporations (Contributions to
Consolidated Fund) Act.
Interpretation
In this Act, unless the context otherwise requires —
“Consolidated Fund” means the Consolidated Fund established under
Article 58 of the Constitution;
“expenditure” means all expenses properly incurred by a specified statutory corporation in performing its functions and duties;
“funds” includes all general and special funds and reserves under the control or management of a specified statutory corporation, other than funds created for the accounting of moneys which are subject to a trust;
“Minister” means the Minister of Finance and Economy;
[S 1/2021]
“revenue” includes all moneys received by or accruing to a specified statutory corporation other than moneys subject to a trust;
“specified statutory corporation” means any of the organisations, authorities or corporations specified in the Schedule.
Minister may require payment into Consolidated Fund
Notwithstanding the provisions of any written law specified in the
Schedule, the Minister may, by notice in writing, require any specified statutory corporation to pay into the Consolidated Fund within the period specified in the notice —
the whole or part of the excess of the revenue over the expenditure of that statutory corporation in any financial year; and
Statutory Corporations
(Contributions to Consolidated Fund)
the whole or part of the amount in the funds of that statutory corporation which, in the opinion of the Minister, is not required for performing its functions and duties.
Amendment of Schedule
The Minister may, with the approval of His Majesty the Sultan and
Yang Di-Pertuan, by order published in the Gazette, amend the Schedule.
Statutory Corporations
(Contributions to Consolidated Fund)
B.L.R.O. 1/2024 7
(sections 2, 3 and 4)
SPECIFIED STATUTORY CORPORATIONS
Statutory corporation
Written law under which established or constituted
Authority for
Info-Communications
Technology
Industry of
Brunei
Darussalam
Authority for
Info-Communications
Technology
Industry of
Brunei
Darussalam Order, 2001 (S 39/2001)
Brunei Darussalam Food Authority
Brunei Darussalam Food Authority Act
(Chapter 236)
[S 45/2020]
Brunei Economic Development Board
Brunei Economic Development Board
Act (Chapter 104)
Centre for Strategic and Policy Studies
Centre for Strategic and Policy Studies
Order, 2006 (S 64/2006)
Darussalam Enterprise
Darussalam Enterprise Act (Chapter 244)
Maritime and Port Authority of Brunei
Darussalam
Maritime and Port Authority of Brunei
Darussalam Act (Chapter 222)
Pantai Jerudong Specialist Centre
Pantai Jerudong Specialist Centre Act
(Chapter 226)
Perbadanan
Tabung
Amanah
Islam
Brunei
Perbadanan
Tabung
Amanah
Islam
Brunei Act (Chapter 163)
[S 1/2021]
Petroleum
Authority of
Brunei
Darussalam
Petroleum
Authority of
Brunei
Darussalam Act (Chapter 231)
Safety, Health and Environment National
Authority
Safety, Health and Environment National
Authority Act (Chapter 227).
[S 42/2019; S 1/2021]
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