Singapore legislation

Section 7

of Pioneer Generation and Merdeka Generation Funds Act 2014

Section 7

Withdrawals

Amended by16/201916/2019

(1)

Moneys cannot be withdrawn from the Pioneer Generation Fund or the Merdeka Generation Fund unless they are charged upon that Fund or are authorised to be withdrawn or transferred under this Act.

Amended by16/2019

(2)

Despite section 13 of the Financial Procedure Act 1966, payment is to be made out of either of the Funds only if the payment is approved by the Minister or an accounting officer authorised, in writing, by the Minister.

Amended by16/2019