Will Mavcom’s Aviation Commission Fund and Public Service Fund transfer to CAAM?

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Mavcom's Funds Will Be Transferred to CAAM Upon Merger

Yes, the Malaysian Aviation Commission (Mavcom) Aviation Commission Fund and Public Service Fund will be transferred to the Civil Aviation Authority of Malaysia (CAAM) once the proposed legislation is passed. This is a key component of the planned merger between the two bodies, aimed at consolidating aviation oversight in Malaysia. The transfer of these funds, along with other assets and responsibilities, is designed to facilitate the integration of Mavcom's economic and commercial regulatory functions into CAAM.
Proposed Legislation Aims to Dissolve Mavcom

The Malaysian Aviation Commission (Dissolution) Bill 2024 has been tabled in Parliament, with the intention of repealing the Malaysian Aviation Commission Act 2015. This Bill provides the legal framework for the dissolution of Mavcom and the subsequent transfer of its properties and liabilities to CAAM. The legislative process includes second and third readings within the current parliamentary meeting to enable the merger to proceed.
Fund Transfer Explicitly Included in Proposed Law

Clause 5 of the Malaysian Aviation Commission (Dissolution) Bill 2024 specifically outlines the transfer of all monies from the Aviation Commission Fund and the Public Service Fund. These funds, established under the previous Mavcom Act, are to be moved to the Civil Aviation Authority of Malaysia Fund, which is established under the CAAM Act 2017. This ensures that the financial resources previously managed by Mavcom will be available to the newly integrated entity.
Merger Seeks to Streamline Aviation Oversight

The integration of Mavcom into CAAM is intended to create a single, streamlined authority for the nation's aviation sector. By combining Mavcom's responsibilities for financial, commercial, and economic regulation with CAAM's established technical expertise, the merger aims to enhance the efficiency and effectiveness of aviation oversight. This consolidation is expected to lead to a more cohesive regulatory environment for the industry.
CAAM to Become Sole Aviation Regulator

Following the dissolution of Mavcom and the absorption of its functions, CAAM is set to become the sole regulatory body for Malaysia's civil aviation industry. This unified structure is anticipated to simplify regulatory processes and provide a clearer point of contact for all aviation-related matters. The merged entity will operate as an independent statutory body under the purview of the Ministry of Transport.

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Will Mavcom’s Aviation Commission Fund and Public Service Fund transfer to CAAM?

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