2 To enhance productivity and based on requests from members, we have reviewed the exemption policy and made our recommendations to MTI (Ministry of Trade and Industry) to amend the SBF Exemption Order 2002.
We are pleased to inform members that the SBF (Exemption) (Amendment) Order 2013 has been gazetted.
With this new Order, companies which had been granted three (3) consecutive years of annual membership exemption would be granted the Continuous Exemption status.
Such companies will be notified by SBF that they do not need to file exemptions annually. However, they would need to notify SBF when they start to employ any employee.