Singapore legislation
Clause 6
Clause 6
Amendment of section 13
Section 13 of the principal Act is amended —
by deleting the words “1st November 2006 to 31st March 2017” in subsections (1)(b)(i), (2C)(a) and (2D)(a) and substituting in each case the words “1 November 2006 to 31 December 2022”;
by deleting the words “15th February 2007 to 31st March 2017” in subsections (1)(b)(ii), (2C)(b) and (2D)(b) and substituting in each case the words “15 February 2007 to 31 December 2022”;
by deleting paragraph (jd) of subsection (1) and substituting the following paragraph:“(jd)any voluntary contribution in cash made in 2013 or any subsequent year by a person of a description prescribed by the Minister, to the medisave account maintained under the Central Provident Fund Act of a self‑employed individual, up to —
$1,500 per year (for contributions made before 2018); or
$2,730 per year (for contributions made in 2018 and in each subsequent year),less any previous contribution that is made to the same medisave account in the same year by the person of the prescribed description in the person’s capacity as an employer (if applicable), and that is not treated as income under section 10C(5A);”;
by deleting the words “1st January 2007 to 31st March 2017 (both dates inclusive) and, if such contract is renewed or extended, the period for which it is renewed or extended commences before 1st April 2017” in subsection (1)(zj)(ii)(B) and (zj)(iii)(B) and substituting in each case the words “1 January 2007 to 31 March 2021 (both dates inclusive) and, if such contract is renewed or extended, the period for which the contract is renewed or extended commences before 1 April 2021”;
by deleting the words “National Service Recognition Award” in subsection (1)(zr) and substituting the words “National Service Housing, Medical and Education Awards”; and
by deleting the words “31st March 2017” in paragraph (a)(ii) and (iii) of the definition of “qualifying project debt securities” in subsection (16) and substituting in each case the words “31st December 2022”.