Singapore legislation

Clause 6

of Education Endowment and Savings Schemes (Amendment) Bill

Clause 6

Repeal and re-enactment of section 8

Section 8 of the principal Act is repealed and the following section substituted therefor:“Members of Edusave Pupils Fund8.—

(1)

Every individual who —

(a)

is a citizen of Singapore;

(b)

is schooling or, if not schooling, is between the Edusave Qualifying Ages; and

(c)

satisfies such other requirements as may be prescribed,shall be and remain, by virtue of this section, a member of the Edusave Pupils Fund until the individual’s membership ceases under section 13.(2) An individual who is a member of the PSE Fund or, if the member of the PSE Fund is below 21 years of age, any parent of that member, may apply to the Edusave Scheme Administrator for the individual to resume membership of the Edusave Pupils Fund. (3) The Edusave Scheme Administrator may approve an application under subsection (2) for an individual who is a member of the PSE Fund to resume membership of the Edusave Pupils Fund, with effect from such date as may be specified by the Edusave Scheme Administrator, if the Edusave Scheme Administrator is satisfied that the individual —

(a)

is a citizen of Singapore;

(b)

is schooling;

(c)

had ceased to be a member of the Edusave Pupils Fund by virtue of section 13(6) read with section 13(1)(a), (b) or (c); and

(d)

satisfies such other requirements as may be prescribed.(4) An individual who resumes membership of the Edusave Pupils Fund under this section may continue to be a member of the PSE Fund in accordance with Parts IIIA and IIIB.(5) An application under subsection (2) must be supported by such documents or evidence as the Edusave Scheme Administrator may require.”.

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