Singapore legislation

Clause 3

of Central Provident Fund (Amendment) Bill

Clause 3

Amendment of section 4A

Section 4A of the principal Act is amended by deleting subsection (1) and substituting the following subsections:“(1) The Board shall, with the President’s concurrence under Article 22A(1)(b) of the Constitution, appoint a chief executive officer on such terms and conditions as the Board may determine.(1A) The chief executive officer shall be —

(a)

known by such designation as the Board may determine; and

(b)

responsible to the Board for the proper administration and management of its functions and affairs in accordance with all policies laid down by the Board.”.