Singapore legislation

Clause 14

of Currency (Amendment) Bill

Clause 14

New section 29A

The Currency Act is amended by inserting, immediately after section 29, the following section:“Counterfeit notes or coins to be forfeited29A. An officer of the Board shall be empowered to seize any currency note or coin tendered to the Board, which he believes on reasonable grounds to be counterfeit and, upon such seizure, that note or coin shall be forfeited to the Board.”.