Singapore legislation
Section 6
Section 6
Expenses
(1)
Unless otherwise directed by the Minister, all costs, expenses and charges incurred in relation to making any investment of moneys in the Pioneer Generation Fund or the Merdeka Generation Fund are to be charged upon and payable out of the Pioneer Generation Fund or the Merdeka Generation Fund, as the case may be.
(2)
All other expenses incidental to or arising from the administration and management of moneys in the Pioneer Generation Fund or the Merdeka Generation Fund are to be charged upon and payable out of the Pioneer Generation Fund or the Merdeka Generation Fund (as the case may be) (called in this subsection the relevant Fund), including but not limited to the following:
the cost of auditing the accounts of the relevant Fund, and the remuneration of the auditor if he or she is not the Auditor‑General;
the expenses incurred by any public authority or person whom the Minister has appointed under Part 4 to disburse financial assistance using moneys in the relevant Fund in carrying out their duties under that appointment, and doing any thing incidental to or in connection with the purposes of that appointment.
(3)
However, no remuneration or allowance payable to a public officer may be met out of moneys in the Funds.