Singapore legislation

Clause 10

of Government Borrowing (Miscellaneous Amendments) Bill

Clause 10

Amendment of section 2

Section 2 of the Government Securities Act is amended —

(a)

by deleting the definition of “bearer bonds”;

(b)

by deleting the words “any stock or bond” in the definition of “book‑entry Government securities” and substituting the words “any Government securities”;

(c)

by deleting the definition of “Government securities” and substituting the following definition:“ “Government securities” means any stock, bond, note, certificate or similar instruments issued under this Act other than any Treasury Bill;”;

(d)

by inserting, immediately after the words “Government securities” in the definition of “regulations”, the words “or Treasury Bills”; and

(e)

by deleting the definitions of “sinking fund” and “stocks” and substituting the following definitions:“ “repealed 1923 Act” means the Local Treasury Bills Act repealed by the Government Borrowing (Miscellaneous Amendments) Act 2021;“Treasury Bill” means a Treasury Bill issued in Singapore under the repealed 1923 Act or this Act, and includes a book‑entry Treasury Bill, which is issued under either Act in the form of an entry on the records of the Authority;”.

Clause 10 — Government Borrowing (Miscellaneous Amendments) Bill