Singapore legislation
Clause 2
Clause 2
Amendment of section 2
Section 2 of the Currency Act is amended by inserting, immediately after the definition of “currency”, the following definition:“ “intelligent banknote neutralisation system” or “IBNS” means a security system which is designed to deter unauthorised access to currency notes by mutilating, destroying or permanently damaging the currency notes, such as by the application of a staining or degradation agent to the currency notes or otherwise;”.