Singapore legislation

Clause 25

of Government Borrowing (Miscellaneous Amendments) Bill

Clause 25

Amendment of section 31

Section 31 of the Government Securities Act is amended —

(a)

by deleting the words “Authority may, with the approval of the Minister,” in subsection (1) and substituting the words “Minister may”;

(b)

by inserting, immediately after the words “Government securities” wherever they appear in subsections (1)(a), (b) and (c) and (2), the words “or Treasury Bills”;

(c)

by deleting the words “Part IV” in subsection (1)(f) and substituting the words “this Act”; and

(d)

by deleting the words “Authority may, with the approval of the Minister” in subsection (2) and substituting the words “Minister may”.