Singapore legislation

Section 23

of Deposit Insurance Act

Section 23

Notice of payment of premium contribution

(1)

Where the Authority has computed the amount of premium contribution payable by a Scheme member for any premium year or part thereof under section 22(2), the Authority shall notify the Agency accordingly.

(2)

Upon receipt of the notification referred to in subsection (1), the Agency shall, within such time as may be specified in the Rules, give the Scheme member notice in writing of the amount of premium contribution that the Scheme member is required to pay under the Scheme for that premium year or part thereof.