Employees Provident Fund Act 1991
EMPLOYEES PROVIDENT FUND ACT 1991
AKTA KUMPULAN WANG SIMPANAN PEKERJA 1991
Act 452 · consolidated to 1 Jul 2022 · 201 pp
Socio-economic rights
This copy of the Act is 4 years old. Any amendment made since 1 July 2022 is not in this text. Check the AGC record for later amendments.
What this does to artists
EPF. The 2024 introduction of voluntary contribution routes for the self-employed made this newly relevant to freelance artists, who otherwise reach fifty with no retirement asset but a catalogue.
What to read first
Section numbers read out of the AGC text itself
s.43Rate of contributions
s.57Payment for withdrawal
s.43Rate of contributions
s.69Offences by body corporate
Full arrangement of sections 118 sections · show / hide
Extracted from the AGC PDF on this page.
s.1Short title and commencement
s.2Interpretation
s.3Establishment of the Board
s.4Membership of the Board
s.5Alternate members
s.6Tenure of office
s.7Resignation and revocation
s.9Quorum of the Board
s.10Chairman to have casting vote
s.11Power of Minister to give directions
s.12Duty to furnish the Minister with information
s.13Authentication of seal
s.14Powers and duties of the Board
s.15General reserve and other reserve accounts
s.16Board may establish any committee
s.17Power to grant loans and make advances to its officers and servants
s.18Establishment and membership of the Investment Panel
s.20Quorum and conduct of proceedings
s.21The Chairman of the Investment Panel to have casting vote
s.22Disqualification from membership of the Board and the Investment Panel
s.23Disclosure of interest
s.23AEstablished of Shariah Advisory Committee
s.23BFunctions of Shariah Advisory Committee
s.23CAppointment of members of Shariah Advisory Committee
s.23DReference to Shariah Advisory Committee
s.24Establishment of Employees Provident Fund
s.25Board shall be trustee of the Fund
s.26Power of the Board to invest
s.26APower of the Board to invest in an approved company
s.26BBoard to invest in Government Securities
s.26CPower of the Board to establish a corporation or a company
s.27Declaration of dividend
s.28Provision for advancement from the Federal Consolidated Fund
s.29Audit of the Fund’s annual accounts
s.29AInvestment by member of the Fund
s.30Appointment of the chief executive officer, officers and servants of the Board
s.31Establishment of the Disciplinary Committee
s.31AEstablishment of the Disciplinary Appeal Committee
s.32Imposition of surcharge
s.33Establishment of a Promotion Committee in respect of officers and servants of the Board
s.33AEstablishment of the Promotion Appeal Committee in respect of officers and servants of the Board
s.34Appointment of Inspectors, their powers, functions and duties
s.35Powers of entry, examination and search
s.36Obstruction to exercise of powers by an Inspector
s.37Power to examine persons
s.37APower of the Board to assess contributions based on information available
s.38Powers of chief executive officer to ask for information and application for search warrant
s.39Preventing person from leaving Malaysia without paying contributions
s.41Duty of employer to register with the Board
s.42Duty of employer to prepare and furnish statement of wages
s.43Rate of contributions
s.43AElection for account of member of the Fund to be managed according to Shariah
s.44Remittance of funds in connection with retirement
s.44AAdding up credit into the account of a member of the Fund
s.45Payment of contributions
s.46Joint and several liability of directors, etc
s.47Employer’s contribution irrecoverable from employee
s.48Recovery by employer of employee’s contribution
s.49Late payment charges on contributions in arrears
s.50Contributions to be paid into the Fund
s.51Contributions and deposits not to be assigned or attached
s.51ATransfer to the Registrar of Unclaimed Money
s.52Approved funds
s.53Winding up of approved fund
s.53ATransfer of credit of a member of the Fund in accordance with the division of matrimonial assets order
s.53BWithdrawal of the transferred amount
s.53CTransfer of employee’s contributions
s.53DElection by member of the Fund to transfer his contributions
s.53ECessation of transfer of contributions
s.53FRe-transfer of contributions
s.54Withdrawal from the Fund
s.54APayment of dividend in such manner as determined by the Board
s.54BDate of withdrawal
s.54CWithdrawal by pensionable employees
s.55AWithdrawal from the Fund for a member of the Fund who has attained the age of fifty-five years
s.55BContribution to and withdrawal from the Fund for a member of the Fund who has attained the age of sixty years
s.56Release of employer’s contributions
s.57Payment for withdrawal
s.57ALimitation for a member of the Fund to dispute the accuracy of amount withdrawn or the validity of a withdrawal made
s.58Payment of additional amount
s.58AAmount withdrawn not to be utilized for other purpose
s.58BTaking up of insurance policy
s.59Incorrect declaration, failure to furnish return or furnishing false documents
s.59ACourt order
s.60General penalty
s.61Attempts, preparations, abetments and conspiracies punishable as offences
s.62One trial for any number of offences
s.63Court order
s.64Certificate of authorized officer of the Board to be evidence
s.65Civil proceedings to recover contributions
s.66Protection of contributions in execution proceeding or sale under security
s.67Conduct of civil proceedings
s.69Offences by body corporate
s.69APublic Authorities Protection Act
s.70Members of the Board, Investment Panel and officers deemed as public servants
s.70AApplication
s.70CWithdrawal from the Fund
s.70DNomination
s.70EOther provisions continue to apply
s.70FCredit return
s.70GCessation of liability to contribute
s.70HCessation of dividend payments and transfer to Registrar of Unclaimed Money
s.71Powers of Minister to make regulations
s.72Powers of Minister to require other person to contribute and declare any payment or remuneration as wages
s.73Powers of the Board to make rules
s.74Powers of Minister to amend the Schedules
s.75Repeal of the Employees Provident Fund Act
s.76Continuance of laws, etc
s.77Transfer of powers, rights, liabilities and duties
s.78Transfer of property
s.79Existing contracts
s.80Continuance of criminal and civil proceedings
s.81Transfer of Fund
s.82Continuance of officers and servants
s.83Pending disciplinary proceedings
s.84Transfer of member of the Fund
s.85Transfer of registration of employers
s.86Prevention of anomalies
Who this reaches
Visual artsMusicFilm & TVPerforming artsLiterature, writing & publishingFashion & craftDigital & mediaMuseum & archivingContent creationEverything else
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