MACC Act definition

MACC Act means the Malaysian Anti-Corruption Commission Act 2009 (including its amendments).
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MACC Act means the Malaysian Anti-Corruption Commission Act 2009 (https://www.sprm.gov.my/images/Akta-akta/Act_694.pdf) and the MACC (Amendment) Act 2018 (https://www.sprm.gov.my/images/Akta-akta/Act_A1567.pdf) and any other subsequent amendments, revisions or updates related thereto.
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MACC Act means the Malaysian Anti-Corruption Commission Act 2009 as amended from time to time;
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Examples of MACC Act in a sentence

  • The bribing of an Officer of a Public Body or a Foreign Public Official is an offence under the MACC Act 2009 and is likely to be an offence under the local laws of the Group’s countries of operations.

  • The Malaysian Anti-Corruption Commission has stated that the corporate liability provision of the MACC Act will be in force as of 1 June 2020.

  • Bribe recipients, as well as bribe-givers, can also be penalised under the respective sections of the MACC Act 2009.

  • The Malaysian Anti-Corruption Commission Act 2009 ("MACC Act" or the “Act”) which came into force on 1 January 2009 was aimed as a catalyst to improve corruption prevention in Malaysia.

  • In the Malaysia context, apart from the general penalty, bribery and corruption under Section 17A of the MACC Act 2009 are punishable for directors, controllers, officers, partners or persons concerned in the management of a commercial organisation by up to 20 years' imprisonment and if the Group is found to have taken part in corporate corruption it could face a fine not less than 10 times the sum or value of gratification or RM1 million, whichever is higher and damage to its reputation.

  • Section 17A of the MACC Act provides that a commercial organization commits an offence if any person associated with the commercial organization commits a corrupt act in order to obtain or retain business or an advantage in the conduct of business for the commercial organization.

  • For bribery and corruption risks, the Group has, during FY 2020, adopted MS ISO 37001:2016 (Anti-Bribery Management Systems) and the Guidelines on Adequate Procedures pursuant to Subsection (5) of Section 17A under the Malaysian Anti-Corruption Commission (MACC) Act 2009 to prevent, detect and respond to bribery and corruption risks.

  • Corruption‌ The MACC Act 2009 defines corruption as the act of giving or receiving of any gratification or reward in the form of cash or in-kind of high value for performing a task in relation to his/her job description.

  • Gratification shall have the meaning ascribed to it under the MACC Act 2009 (Amendment 2018).

  • In Malaysia, any person who knows and failsto report an act of giving and offering of bribes is committing an offence under Section 25 (1) and (2) of the MACC Act 2009.


More Definitions of MACC Act

MACC Act means the Motor Accidents (Compensation) Commission Act .
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Related to MACC Act

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • FMC Act means the Financial Markets Conduct Act 2013.

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • BC Act means the Securities Act (British Columbia);

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • 2012 Act means the Health and Social Care Act 2012;

  • 1990 Act means the Town and Country Planning Act 1990;

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • EP Act means the Environmental Protection Xxx 0000;

  • FDI Act means the Federal Deposit Insurance Act, as amended or recodified.

  • 2000 Act means the Local Government Act 2000;

  • FDA Act means the U.S. Federal Food, Drug, and Cosmetic Act, as amended.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • the 1991 Act means the Water Industry Act 1991(a);

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • the 1992 Act means the Local Government Finance Act 1992;

  • the 1993 Act means the Pension Schemes Act 1993; “the 1995 Act” means the Pensions Act 1995;

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • the 1990 Act means the Town and Country Planning Act 1990;

  • TIF Act means Minnesota Statutes, Sections 469.174 through 469.1794, both inclusive.

  • the 2000 Act means the Local Government Act 2000;

  • Air Act, as used in this clause, means the Clean Air Act (42 U.S.C. 7401 et seq.).

  • the 2002 Act means the Nationality, Immigration and Asylum Act 2002;

  • MCIP Act means Title 4, Chapter 1, of the Code, and all future acts successor or supplemental thereto or amendatory thereof.