Singapore legislation

Clause 4

of Local Government Integration (Amendment) Bill

Clause 4

New section 103A

The principal Act is amended by inserting, immediately after section 103, the following section: —“Minister may vary rates of interest103A. The Minister may, at any time by notification in the Gazette, vary the rates of interest prescribed in subsection (8) of section 102 and subsection (1) of section 103 of this Act.”.