He said that the act, that was approved by the Dewan Rakyat and Dewan Negara on Aug 25 and Sept 22, respectively, will be gazetted after receiving the royal assent from the Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah in accordance with Article 66 of the Federal Constitution.

The act will be in effect for two years from Oct 23.

“The implementation in its entirety will benefit every individual and company affected economically as a result of the Covid-19 pandemic,” he said in a statement today.

Meanwhile, Takiyuddin said that any party with contractual disputes can seek a resolution without involving court proceedings through the intermediary services of the Covid-19 mediation centre (PMC-19), established under the Prime Minister’s Department.

He said that the mediation service conducted by PMC-19 was open to everyone with disputes valued at RM300,000 and below.

“The government will bear the costs of the mediation service for B40 and M40 categories as well as micro and small industries,” he said, adding that any enquiry regarding the service can be made via email to [email protected].

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