Singapore legislation

Clause 33

of Medical and Elderly Care Endowment Schemes Bill

Clause 33

Administrative expenses

(1)

All expenses incurred in connection with the administration of the Medifund and the ElderCare Fund, including the cost of auditing the accounts of the Medifund and the ElderCare Fund, shall be defrayed out of the income of the Medifund and the ElderCare Fund, respectively.

(2)

The costs of auditing the accounts of any Medifund Account shall be defrayed out of the income of the Medifund.

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