Singapore legislation

Clause 19

of Education Endowment Scheme (Amendment No. 2) Bill

Clause 19

Amendment of section 20

Section 20 of the principal Act is amended —

(a)

by deleting the words “and Edusave Pupils Fund” in subsection (1) and substituting the words “, the Edusave Pupils Fund and the PSE Fund”;

(b)

by deleting the words “an approved company auditor under the Companies Act” in subsection (2) and substituting the words “a public accountant within the meaning of the Companies Act (Cap. 50)”;

(c)

by inserting, immediately after the word “auditor” in subsections (3), (4) and (5), the words “of each Fund”;

(d)

by deleting the words “the Endowment Fund and Edusave Pupils Fund” in subsections (3) and (4)(a), (b) and (c) and substituting in each case the words “that Fund”; and

(e)

by deleting the words “or Edusave Pupils Fund” in subsection (6) and substituting the words “, the Edusave Pupils Fund or the PSE Fund”.

Read in full context — Education Endowment Scheme (Amendment No. 2) Bill →