Singapore legislation

Clause 53

of Public Sector (Governance) Bill

Clause 53

Amendments to Central Provident Fund Act

The Central Provident Fund Act (Cap. 36, 2013 Ed.) is amended —

(a)

by inserting, immediately after the definition of “Board” in section 2(1), the following definition:“ “chief executive officer” means the chief executive of the Board, and includes any individual acting in that capacity;”;

(b)

by deleting subsection (6) of section 3 and substituting the following subsection:“(6) The Board has power to do all things necessary or convenient to be done for, or in connection with, the performance of its functions, duties or activities under this Act or any other written law, and may by instrument in writing delegate to any person all or any of those powers.”;

(c)

by deleting subsections (1), (1A), (2) and (3) of section 4A and substituting the following subsections:“(1) There must be a chief executive officer of the Board, whose appointment, removal, discipline and promotion must be in accordance with the Public Sector (Governance) Act 2018, and Article 22A of the Constitution.(2) The Board may, subject to the Public Sector (Governance) Act 2018 and Article 22A of the Constitution, appoint an individual to act temporarily as the chief executive officer during any period, or during all periods, when the chief executive officer —

(a)

is absent from duty or Singapore; or

(b)

is, for any reason, unable to perform the duties of the office.(3) The Board may, subject to the Public Sector (Governance) Act 2018, appoint and employ, on such terms and conditions as it may determine, such other officers, employees, consultants and agents as may be necessary for the effective performance of its functions.”;

(d)

by inserting, immediately after section 5C, the following section:“Directions by Minister5D. The Minister may give to the Board any direction under section 5 of the Public Sector (Governance) Act 2018.”;

(e)

by deleting the words “as provided for in the Second Schedule shall” in section 10(1);

(f)

by deleting paragraph 4 of the Second Schedule and substituting the following paragraph:“4. The auditor of the Board must submit such periodical and special reports to the Minister and to the Board as may appear to the auditor to be necessary or as the Minister or the Board may require.”;

(g)

by inserting, immediately after the words “audited financial statements” in paragraph 6(3) of the Second Schedule, the words “of the Board”; and

(h)

by repealing paragraphs 1, 2, 3, 5, 6(1) and (2) and 8 of the Second Schedule.