Section 1
(2)
This Act shall apply to the States of *Peninsular Malaysia only.
Interpretation
/akn/my/act/act/1962/395
*ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962
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- Type
- Act
- Status
- In force
- Enacted
- 1962
- Sections
- 4
- Languages
- EN · MS
Quick answer
About this act
*ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 is Malaysia Act, cited as Act 395 1962, currently marked in force and first recorded in 1962.
Opening note
Preamble
- An Act to provide for the assignment to States of export duty on iron ore and to restrict the levying of royalties and like payments in respect of iron ore. [26 July 1962] BE IT ENACTED by the Seri Paduka Baginda Yang di-Pertuan Agong with the advice and consent of the Dewan Negara and Dewan Rakyat in Parliament assembled, and by the authority of the same, as follows: Short title and application
Section 1A
In this Act, unless the context otherwise requires—
“export duty” means export duty under the Customs Act 1952
[Act 235];
*NOTE─ All references to “West Malaysia” shall be construed as reference to “Peninsular
Malaysia”–see the Interpretation (Amendment) Act 1997 [Act A996], subsection 5(2).
6 Laws Of Malaysia ACT 395
“iron ore” means iron ore or iron concentrates not including pyrites;
“the Minister” means the Minister of Finance;
“the relevant date” has the meaning assigned by subsection 2(1).
Section 2
Assignment to States of whole or part of export duty on iron ore
(2)
In the case of iron ore produced in any State and exported before the relevant date the Minister may assign to the
State the whole, or such proportion as he considers equitable, of the export duty levied on the ore.
(3)
The Minister may by order direct that subsection (1)
shall have effect with the substitution for 10 per cent of such other percentage as may be specified in the order; but any order under this subsection shall be laid before the Dewan Rakyat and shall not have effect until approved by resolution of that
House.
Restriction of royalty provisions in leases, etc.
Section 3
No provision for the levying of royalties on, or similar charges in respect of, iron ore produced in any State (whether under a lease or other instrument or under any State Enactment, and whether the instrument was made or the Enactment passed before or after the coming into operation of this section) shall have effect after the relevant date except—
Assignment of Revenue (Export Duty
On Iron Ore) Act 7
(a)
in the case of a provision made before the coming into operation of this section, in so far as the Minister
(whether before or after the relevant date) directs that the provision shall have effect;
(b)
in the case of a provision made after the coming into operation of this section, if the Minister has signified his approval in writing to the provision.
8
Act 395
LIST OF AMENDMENTS
Amending law
Short title
In force from
− NIL−
9
Act 395
LIST OF SECTIONS AMENDED
Section
Amending authority
In force from
− NIL−
Common questions
- What is ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962?
- *ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 is Malaysia Act, cited as Act 395 1962, currently marked in force and first recorded in 1962.
- Is ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 still in force?
- Yes — ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 is currently in force.
- When did ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 take effect?
- ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 was first recorded in 1962.
- How many sections does ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 have?
- ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 contains 4 sections.
- Where can I read the official version of ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962?
- The official text of ASSIGNMENT OF REVENUE (EXPORT DUTY ON IRON ORE) ACT 1962 is published at lom.agc.gov.my.