Singapore legislation
Clause 77
of Deposit Insurance and Policy Owners’ Protection Schemes Bill
Clause 77
Annual estimates
(1)
The Agency shall, in every financial year, prepare or cause to be prepared annual estimates of income and expenditure of the DI Fund, the PPF Life Fund, the PPF General Fund and the Agency for the ensuing financial year and a supplementary estimate for any financial year.
(2)
All annual estimates and supplementary estimates shall be presented to the Minister for his approval.