Malaysian Timber Industry Board (Incorporation) Act, 1973 (No. 105 of 1973).

This Act provides for the establishment of the Malaysian Timber Industry Board as a corporate body and lays down certain rules with respect to the trade in timber. The Act is divided into 6 Parts: Preliminary (I); Establishment of the Board (II); Regulation of the Timber Industry (III); Finance (IV); Miscellaneous (V); Repeal and Transitional Provisions (VI). The Board shall (a) regulate, promote and improve the trade in, and the exploitaion, processing, marketing and distribution of timber; (b) provide technical assistance with regard to the development of existing timber industries and to the establishment of new industries; (c) promote the consolidation of small-scale timber industries, in order to achieve greater efficiency in the timber industry as a whole. As far as the timber industry is concerned, the Act establishes offences and relevant penalties, and makes provisions for the registration of the industries engaged in timber trade. Section 19 prescribes that the Board shall establish and administer a fund to be known as "Malaysian Timber Industry Board Fund".