Singapore legislation

Clause 3

of Currency (Amendment) Bill

Clause 3

Amendment of section 13

Section 13 of the Currency Act is amended —

(a)

by deleting subsection (3) and substituting the following subsection:“(3) Coins of a denomination issued by the Authority, if the coins have not been illegally dealt with, are legal tender up to their face value for the payment of an amount not exceeding 20 times the face value of a coin of that denomination.”; and

(b)

by inserting, immediately after subsection (6), the following subsection:“(6A) For the purposes of this Act, a currency note is also deemed to have been illegally dealt with if the currency note has been mutilated, destroyed or permanently damaged (whether by the application of a staining or degradation agent to the currency notes or otherwise) as a result of the activation of an IBNS.”.