TEMPORARY MEASURES FOR GOVERNMENT FINANCING (CORONAVIRUS DISEASE 2019 (COVID-19)) ACT 2020

LAWS OF MALAYSIA ONLINE VERSION OF UPDATED TEXT OF REPRINT Act 830 TEMPORARY MEASURES FOR GOVERNMENT FINANCING (CORONAVIRUS DISEASE 2019 (COVID-19)) ACT 2020 As at 1 December 2021 2 TEMPORARY MEASURES FOR GOVERNMENT FINANCING (CORONAVIRUS DISEASE 2019 (COVID-19)) ACT 2020 Date of Royal Assent … … … … 22 October 2020 Date of publication in the Gazette … … … … 26 October 2020 Latest amendment made by Act A1635 which came into operation on … … … … 18 November 2021 LAWS OF MALAYSIA Act 830 TEMPORARY MEASURES FOR GOVERNMENT FINANCING (CORONAVIRUS DISEASE 2019 (COVID-19)) ACT 2020 ARRANGEMENT OF SECTIONS Section 1. Short title and commencement 2. Interpretation 3. Increase of ceiling amount of sums raised and moneys received 4. Establishment of COVID-19 Fund 5. Application of COVID-19 Fund 6. Sums paid, applied and appropriated from 27 February 2020 until date of publication of Act deemed valid 7. Yearly statements of COVID-19 Fund 8. Dealings with COVID-19 Fund upon the expiry of Act SCHEDULE LAWS OF MALAYSIA Act 830 TEMPORARY MEASURES FOR GOVERNMENT FINANCING (CORONAVIRUS DISEASE 2019 (COVID-19)) ACT 2020 An Act to provide for temporary measures relating to government financing to reduce the impact of Coronavirus Disease 2019 (COVID-19) by increasing the ceiling amount for the total amount of the sums that may be raised under the Loan (Local) Act 1959 [Act 637] and the total amount of moneys that may be received under the Government Funding Act 1983 [Act 275], to establish a COVID-19 Fund, to allow the sums raised under the Loan (Local) Act 1959 and the moneys received under the Government Funding Act 1983 to be paid into the COVID-19 Fund, to allow the moneys in the COVID-19 Fund to be applied and appropriated for the purposes of the programmes under the economic stimulus packages and economic recovery plans, and to provide for related matters. [27 February 2020 except section 3; 26 October 2020 for subsection 3(1)] ENACTED by the Parliament of Malaysia as follows: Short title and commencement 1. (1) This Act may be cited as the Temporary Measures for Government Financing (Coronavirus Disease 2019 (COVID-19)) Act 2020.   Note—see subsection 1(2)  Note—see subsection 3(2) 6 Laws of Malaysia ACT 830 (2) Except for section 3, this Act is deemed to have come into operation on 27 February 2020 and shall continue to remain in operation until 31 December 2022. Interpretation 2. In this Act, “Minister” means the Minister charged with the responsibility for finance. Increase of ceiling amount of sums raised and moneys received 3. (1) The ceiling amount for the total amount of the sums that may be raised under subsection 3(1) of the Loan (Local) Act 1959 and the total amount of moneys that may be received under subsection 3(1) of the Government Funding Act 1983 specified in the Loan (Local) (Statutory Ceiling for Borrowing) and Government Funding (Statutory Ceiling of Moneys Received) Order 2009 [P.U. (A) 241/2009] at the rate of fifty-five per centum of the Gross Domestic Product of Malaysia, is increased up to sixty-five per centum of the Gross Domestic Product of Malaysia, when calculated together. (2) Subsection (1) shall have effect for the period from the date this Act is published in the Gazzette until 31 December 2022 and during such period the Loan (Local) (Statutory Ceiling for Borrowing) and Government Funding (Statutory Ceiling of Moneys Received) Order 2009 is suspended. (3) For the purposes of this section, “Gross Domestic Product of Malaysia” means the latest Gross Domestic Product of Malaysia confirmed by the Minister. Establishment of COVID-19 Fund 4. (1) A fund to be known as the COVID-19 Fund is established and shall be specified in and incorporated into the Second Schedule to the Financial Procedure Act 1957 [Act 61]. Temporary Measures for Government Financing (Coronavirus Disease 2019 (COVID-19)) 7 (2) Notwithstanding subsection 5(1) of the Loan (Local) Act 1959 and section 4 of the Government Funding Act 1983, any sum raised under subsection 3(1) of the Loan (Local) Act 1959 and any money received under subsection 3(1) of the Government Funding Act 1983 may be paid into the COVID-19 Fund for the purposes of its application under section 5. Application of COVID-19 Fund 5. (1) The moneys in the COVID-19 Fund shall be applied and appropriated for the purposes of the programmes under the economic stimulus packages and economic recovery plans specified in column (1) of the Schedule in the amount specified in column (2). (2) Notwithstanding subsection (1), the Minister may, if he thinks necessary (a) limit or suspend the amount to be applied and appropriated for the purposes of any programme; or (b) direct any sum appropriated for a programme to be appropriated in aid of any other programme for which the sum appropriated may be deficient a further amount out of any surplus from the first mentioned programme. (3) The Minister shall ensure that the application and appropriation of the moneys in the COVID-19 Fund are utilised only for the programmes specified in column (1) of the Schedule, taking into account anything done under subsection (2), and does not exceed the total amount allocated for such programmes. Sums paid, applied and appropriated from 27 February 2020 until date of publication of Act deemed valid 6. Any sum raised under subsection 3(1) of the Loan (Local) Act 1959 and money received under subsection 3(1) of the Government 8 Laws of Malaysia ACT 830 Funding Act 1983 which is paid into, applied and appropriated for the purposes of, the COVID-19 Fund, for the period from 27 February 2020 until the date this Act is published in the Gazette, shall be deemed to have been validly paid, applied and appropriated as such. Yearly statements of COVID-19 Fund 7. The Minister shall, as soon as practicable after the end of every financial year, prepare in respect of that financial year a statement of receipts and expenditure of moneys accounted in the COVID-19 Fund as required under paragraph 16(1)(c) of the Financial Procedure Act 1957. Dealings with COVID-19 Fund upon the expiry of Act 8. (1) Upon the expiry of this Act, where there is any money payable from the COVID-19 Fund, it shall be paid within six months from the date of expiry of this Act. (2) Where there is any balance of moneys in the COVID-19 Fund after all the payments are made under subsection (1), notwithstanding subsection 10(3) of the Financial Procedure Act 1957, such balance of moneys shall be paid by the Minister into the Development Fund specified in the Second Schedule to the Financial Procedure Act 1957. (3) After the balance of moneys in the COVID-19 Fund has been paid in accordance with subsection (2), the COVID-19 Fund shall be deemed dissolved and the Dewan Rakyat may, by a resolution, delete the COVID-19 Fund from the Second Schedule to the Financial Procedure Act 1957. Temporary Measures for Government Financing (Coronavirus Disease 2019 (COVID-19)) 9 SCHEDULE [Subsection 5(1)] PROGRAMMES UNDER ECONOMIC STIMULUS PACKAGES AND ECONOMIC RECOVERY PLANS (1) Programmes (2) Amount (RM) 1. Wage subsidy, job retention and workers’ hiring incentive, and training assistance programmes 31,000,000,000 2. Bantuan Prihatin Nasional 41,000,000,000 3. Small scale projects 6,000,000,000 4. Skill and upskilling programmes 2,000,000,000 5. PENJANA SME financing 2,000,000,000 6. PRIHATIN SME grant 6,000,000,000 7. Micro credit loans 2,000,000,000 8. Allocation for COVID-19 related expenses 9,000,000,000 9. Food security fund 1,000,000,000 10. COVID-19 special allowance for frontliners 600,000,000 11. PENJANA Nasional Fund 600,000,000 12. ePENJANA 520,000,000 13. Electricity bill discounts 500,000,000 14. Additional RM100 for Bantuan Sara Hidup (BSH) 300,000,000 15. Special assistance to educational institutions 300,000,000 16. Bumiputera Relief Financing students of higher 200,000,000 10 Laws of Malaysia (1) Programmes ACT 830 (2) Amount (RM) 17. MY30 public transport subsidy 200,000,000 18. Special assistance to taxi drivers, school bus drivers, tour bus drivers, tour guides, trishaw operators and e-hailing drivers 160,000,000 19. Social assistance support to vulnerable groups 6,010,000,000 20. Smart automation grant 100,000,000 21. Soft loan under MyCreative Venture 100,000,000 22. Social protection and training for gig economy workers 75,000,000 23. E-Dagang campaign for SME and micro enterprises 70,000,000 24. “Shop Malaysia Online” for online consumption 70,000,000 25. PEKA B40 health care support 50,000,000 26. Grant for child care centres and kindergartens 50,000,000 27. Digital content fund 35,000,000 28. Assistance to non-government organizations 25,000,000 29. Digitalization of government service delivery 20,000,000 30. Digitalization marketing and promotion fund under the Cultural Economy Development Agency (CENDANA) 10,000,000 31. MyAssist SME One Stop Centre 5,000,000 TOTAL 110,000,000,000 11 LAWS OF MALAYSIA Act 830 TEMPORARY MEASURES FOR GOVERNMENT FINANCING (CORONAVIRUS DISEASE 2019 (COVID-19)) ACT 2020 LIST OF AMENDMENTS Amending law Short title In force from Act A1627 Temporary Measures for Government Financing (Coronavirus Disease 2019 (COVID-19)) (Amendment) Act 2020 01-01-2021 Act A1635 Temporary Measures for Government Financing (Coronavirus Disease 2019 (COVID-19)) (Amendment) Act 2021 18-11-2021 12 LAWS OF MALAYSIA Act 830 TEMPORARY MEASURES FOR GOVERNMENT FINANCING (CORONAVIRUS DISEASE 2019 (COVID-19)) ACT 2020 LIST OF SECTIONS AMENDED Section Amending authority In force from 3 Act A1635 18-11-2021 Schedule Act A1627 Act A1635 01-01-2021 18-11-2021