Singapore legislation
Clause 7
Clause 7
Contributions excluded from bankrupt member’s property
(1)
No contribution by the Government made under the CONNECT Plan and no interest thereon (if any) shall be subject to the debts of any member thereof.
(2)
No contribution and interest mentioned in subsection (1) shall pass to the Official Assignee on the bankruptcy of a member, and if the member is adjudicated a bankrupt, such contribution and interest (if any) shall be deemed excluded from the property of the bankrupt for the purposes of the Bankruptcy Act (Cap. 20).