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Part 10 · Miscellaneous Provisions

64. Regulations

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Amended

Last amended by an amending law of 2024.

(1)

The Minister may make such regulations as may be necessary or expedient for the purpose of carrying out the provisions of this Act.

(2)

Without limiting subsection (1), the Minister may make regulations for or with respect to all or any of the following matters:

(a)

any matters required by this Act to be prescribed;

(b)

the procedure relating to applications for and the issue of certificates under this Act;

(c)

the terms and conditions to be imposed on any certificate issued under this Act;

(d)

the furnishing of such information, including progress and sales reports and statements of accounts, as may be required for the purposes of this Act.

(2A)

Where —

(a)

any service or activity is prescribed as a qualifying activity for the purposes of section 16 or 20, or any project is prescribed for the purposes of section 43(1)(m);

(b)

any approval is granted under section 17(3), 21(3) or 43(2) (as the case may be) in connection with the prescription mentioned in paragraph (a); and (c)thereafter regulations made under this section remove such prescription,the regulations may further provide for all or any of the following:

(d)

for the approval to continue in force, and for this Act to continue to apply in relation to the approval, despite the removal of the prescription;

(e)

for any modification of any provision of this Act or the Income Tax Act 1947 in its application pursuant to paragraph (d) (including for any such provision to cease to apply);

(f)

for any other matter of a saving or transitional nature.

(3)

The Minister may in writing authorise any person or authority to prescribe such forms as are required to be or may be prescribed under this Act.

(4)

All regulations made under this section must be presented to Parliament as soon as possible after publication in the Gazette.[102

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