Singapore legislation

Clause 4

of Local Treasury Bills (Amendment) Bill

Clause 4

Amendment of section 7

Section 7 of the principal Act is amended —

(a)

by deleting the words “Accountant-General to be by him cancelled.” and substituting the words “Authority to be cancelled by the Authority.”; and

(b)

by renumbering the section as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) Subsection (1) shall not apply to book-entry Treasury Bills.”.

Read in full context — Local Treasury Bills (Amendment) Bill →