THE Federal Government will soon be required to contribute at least 0.1% of its annual revenue to the National Trust Fund, with the statutory contribution rate serving as a minimum threshold rather than a cap, says Deputy Finance Minister Liew Chin Tong (pic).
The provision is contained in the National Trust Fund Bill 2026, which repealed the National Trust Fund Act 1988 and places the administration of the fund under a new legal framework.
Under the new law, PETRONAS will no longer be the sole contributor to the fund, as the Federal Government will also be required to make annual contributions.
“The stipulated rate is a minimum rate. This means that whichever government is in office, if a future government decides to contribute more than this minimum rate from the relevant revenue, it would certainly be beneficial,” Liew said in his speech.
The Bill was tabled for its first reading on July 14 and passed in the Dewan Rakyat yesterday.
