Singapore legislation
Clause 47
Clause 47
Annual estimates
(1)
The Agency must, in every financial year, prepare or cause to be prepared, and must adopt —
(a)
annual estimates of income and expenditure for the Skills Development Fund for the ensuing financial year in accordance with the Skills Development Levy Act (Cap. 306); and
(b)
annual estimates of other income and expenditure of the Agency for the ensuing financial year.
(2)
Supplementary estimates for the Skills Development Fund or other income and expenditure of the Agency may be adopted by the Agency where necessary.
(3)
A copy of all annual estimates and supplementary estimates mentioned in subsections (1) and (2) must, upon their adoption by the Agency, be sent as soon as possible to the Minister.