9 tal-1973 – Ordni tal-1973 dwar il-Kontrol fuq il-Kambju – Bidu fis-Seħħ

L.N. 9 of 1973

EXCHANGE CONTROL ACT, 1972

<ACT No. XLIX OF 1912)

The Exchange Conlrol Order, 1973

IsI February, 1973.

Date of commencement

IN eKercise of Ihe powers conferred by seclions 36 and 38 of

the EKchange Conlrol Act, 1972, lin this order referred to as "the

Acf,). and all other powers him enahling. the Minister 01 Finance

and Customs has made the following orde r

This order may be cited as the Exchange Control Ord er, O lalloa.

1973.

The provisions of Part 11 of the Act shall not apply to the

holding in Malta of any gold coin. whether Maltese or foreign.

J. The provisions of section S of the Act shall no t apply where

the foreign currency is in the possession or unde r the control of -

<a) any pe rson in Malta who is nOI a resident; or

(b) any person in Mal ta who holds a valid residen t permit fo"'i;n

in terms of Ihe Immigration Act. 1970: or

(c) any residen t if the aggrega te value of the fore ign

currency dou not exceed f MSQ; or

Id) any resident wh o could lawfully ho ld or have con trol

over th at foreign currency before the coming in lo force of the

Act

Provided that the provisions of sub-paragraph (d) of Ihis

paragraph shall cease to have effect on 30th June, 1973.

Td ..disposizzjon ijiet ta' l..artikolu S ta' I·At! ma ghand hornx

japplikaw mew I·flus barran in ikunu fil·pussess jew taht il"kon lroll

(a) xi peflluna fMalta Ii ma tkunx persuna residenti; jew

(b) xi persu na f' Malta !i iko!lha permess glial residcnza va·

lidu skon d I·Att ta' 1-1970 dwar 1·lmmigrazzjoni; jew

(c) xi pers una residen ti jekk il·valur tal·fl us ba rm nin ma

jkunx aktar minn [M 50 b'kollo x: jew

(d) xi persuna reside nti Ii seq:nat legittimament i1:l.onun

jew ik ollba kon lroll fuq fl us barra nin qabel iJ-h idu lis-sehb ta'

l-Att

Itela eI-d isposiu jonijiet tas..sub-paragrafu (d) ta' dan iJ·pa rag·

ralu fjeq fu mis-seh h fit·30 ta' Cunju, 1973.

(I) There shall be exem pted from the provisions of sub-

section (I) of section 1I of the Act

fa) the exportat ion from Malta by any traveller of any nOles

and coins whic h are or have al any dme been legal tende r in

Malta, up to an am ount not uceeding f M2S ;

(h) the importation into Malta hy any traveller of any

notes an d coins wh ich are or have at any time been legal ten der

in Malta.

(2) The re shall be exempted from th e provisio ns of sub-

section (2) of section I I of the Act the exporta tion from Malta, by

any person, of any foreign currency which

(i) in the case of a res ident. he has la wfully held or

acq uired: and

(iil in the case of a non·resident. he can show that he

had originally brough t into Malta.

.5. Section 23 of the Act shall no! apply to any fore ign invest-

ment made or held by any person in Ma lta who holds a valid

uno.

resident permit in terms of the Imm igration Ac t,

Subsection (I) of section 29 of the Act shall not apply to

any policy of assurance issued by a non-resident lawfully carrying

on the business of insu rance ill Malta if -

the policy is exprcs~d in Maltese currency

(a)

(b) it 15 made for a term exceeding five years; and

it is not in any way linked to any equity or property

{cl

unit scheme.