local fishing vessel "local fishing vessel" means any fishing vessel- [Subs. Act A854] (a) which is not registered outside Malaysia and which is wholly owned by- (i) a natural person who is a citizen or natural persons who are citizens of Malaysia; (ii) a statutory corporation established under any of the laws of Malaysia; (iii) the Government of Malaysia or the Government of a State in Malaysia; or (iv) a body corporate or unincorporate established in Malaysia, and wholly owned by any of the persons described in subparagraph (i), (ii) or (iii) of this DEFINITION; or (b) which is chartered, subchartered, leased or subleased by any person, statutory corporation, Government or body corporate described under paragraph (a)(i), (a)(ii), (a)(iii) or (a)(iv) of this DEFINITION; ACT 317 - FISHERIES ACT 1985 2. Interpretation.