Singapore legislation
Section 11
Section 11
What are not to be included in Common Fund
Amended by44/2014
(1)
The following are not to be included in or form part of the Common Fund:
(a)
moneys expressly or by necessary implication forbidden to be included in the Common Fund or directed to be invested in investments other than those permitted by law for the investment of trust funds;
(b)
investments held by the Public Trustee which have not been taken over under section 10(7).
Amended by44/2014
(2)
Section 16 does not apply to the moneys and investments mentioned in subsection (1).
(3)
Nothing in this section is deemed to limit or restrict the liability of the Consolidated Fund under section 17.