Singapore legislation
Clause 28
Clause 28
Amendment of section 90
Section 90 of the Bankruptcy Act is amended —
by deleting paragraph (a) of subsection (1) and substituting the following paragraphs:“(a)first, the costs and expenses of administration or otherwise incurred by the Official Assignee;
(aa)second, the costs of the applicant for the bankruptcy order (whether taxed or agreed) and the costs and expenses properly incurred by a nominee in respect of the administration of any voluntary arrangement under Part V;”;
by deleting the word “secondly” in subsection (1)(b) and substituting the word “third”;
by deleting the word “thirdly” in subsection (1)(c) and substituting the word “fourth”;
by deleting the word “fourthly” in subsection (1)(d) and substituting the word “fifth”;
by deleting paragraph (e) of subsection (1) and substituting the following paragraph:“(e)sixth, all amounts due in respect of contributions payable, during a period of 12 consecutive months commencing not earlier than 12 months before and ending not later than 12 months after the date of the bankruptcy order, by the bankrupt as the employer of any person under any written law relating to employees’ superannuation or provident funds or under any scheme of superannuation which is an approved scheme under the Income Tax Act (Cap. 134);”;
by deleting the word “sixthly” in subsection (1)(f) and substituting the word “seventh”;
by deleting the word “seventhly” in subsection (1)(g) and substituting the word “eighth”;
by deleting the word “eighthly” in subsection (1)(h) and substituting the word “ninth”; and
by deleting subsections (2) and (3) and substituting the following subsection:“(2) The amount payable under subsection (1)(b) and (c) must not exceed such amount as the Minister may prescribe by order published in the Gazette.”.