Singapore legislation

Section 33

of Medical and Elderly Care Endowment Schemes Act 2000

Section 33

Administrative expenses

(1)

All expenses incurred in connection with the administration of the Medifund and the ElderCare Fund, including the costs of auditing the accounts of the Medifund and the ElderCare Fund, must be defrayed out of the income of the Medifund and the ElderCare Fund, respectively.

(2)

The costs of auditing the accounts of any Medifund Account must be defrayed out of the income of the Medifund.

Read in full context — Medical and Elderly Care Endowment Schemes Act 2000 →