Clause 2

In this Act, unless the context otherwise requires —“appointed day” means the date of commencement of this Act;“Director” means the Director of the Fund appointed under the Redundancy Payments Fund Act (Cap. 266) in force immediately before the appointed day;“Fund” means the Redundancy Payments Fund established under the Redundancy Payments Fund Act in force immediately before the appointed day;“medisave account” means a medisave account maintained under the Central Provident Fund Act (Cap. 36);“member” means any person to whose credit any amount is standing in the Fund immediately before the appointed day.