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leasing business "leasing business" means the business of letting or sub-letting property on hire for the purpose of the use of such property by the hirer regardless whether the letting is with or without an option to purchase the property, including charters of ships, and for the purpose of this definition, "property" includes any plant, machinery, equipment or other chattel attached or to be attached to the earth and "charters of ships" means bareboat charters only and does not include the transportation of passengers or cargo by sea or the charter of ships on a voyage or time charter;
ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010
86. Interpretation. |
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leasing business "leasing business" means- (a) the business of letting or sub-letting movable property on hire for the purpose of the use of such property by the hirer or any other person in any business, trade, profession or occupation or in any commercial, industrial, agricultural or other economic enterprise whatsoever and, where the lessor is the owner of the property, regardless whether the letting is with or without an option to purchase the property, but does not include the business of hire-purchase which is subject to the Hire-Purchase Act 1967; and for the purpose of this DEFINITION, "movable property" includes any plant, machinery, equipment or other chattel attached or to be attached to the earth or fastened or to be fastened, permanently or otherwise to any thing attached to the earth; or (b) such other business as the Bank, with the approval of the Minister, may prescribe;
ACT 372 - BANKING AND FINANCIAL INSTITUTIONS ACT 1989
2. Interpretation. |
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leasing business "leasing business" has the meaning assigned to it in the Banking and Financial Institutions Act 1989; [Ins. Act A989]
ACT 443 - OFFSHORE BANKING ACT 1990
2. Interpretation. |