Singapore legislation
Section 18
of National University of Singapore (Corporatisation) Act 2005
Section 18
Predecessor university’s ASPF Scheme
(1)
On 1 April 2006, all property, rights and liabilities of the predecessor university relating to the ASPF Scheme are transferred to and vest in the university company.
(2)
Any person who, immediately before 1 April 2006, was a member or former member of the ASPF Scheme continues, on and after that date, to be a member or former member (as the case may be) of the ASPF Scheme.
(3)
The university company must, on 28 December 2007, dissolve the ASPF Scheme in accordance with the First Schedule.
(4)
Despite the repeal of the National University of Singapore Act (Cap. 204, 2002 Revised Edition), until the time that the ASPF Scheme is dissolved —
section 15 of and the Second Schedule to the National University of Singapore Act (Cap. 204, 2002 Revised Edition) in force immediately before 1 April 2006 and Statute 18 remain in force and continue to apply to the ASPF Scheme; and
the Board of Trustees of the university company may amend Statute 18 for the purposes of alignment with the prevailing policy in respect of the treatment of moneys or investments under the Central Provident Fund Act 1953.
(5)
On 28 December 2007, the property and rights of the university company relating to the ASPF Scheme are transferred to and vest in the CPF Board in accordance with the First Schedule.
(6)
The Minister may, by order in the Gazette, amend the First Schedule.
(7)
In this section and the First Schedule, unless the context otherwise requires —
Definition
“ASPF Scheme” means the Academic Staff Provident Fund Scheme established by the predecessor university under Statute 18;
Definition
“CPF Board” means the Central Provident Fund Board established and constituted under the Central Provident Fund Act 1953;
Definition
“Statute 18” means Statute 18 (Academic Staff Provident Fund Scheme) made pursuant to the National University of Singapore Act (Cap. 204, 2002 Revised Edition), as may be amended from time to time by the Board under subsection (4)(b).