Singapore legislation
Clause 45
Clause 45
Meanings of “incentive”, “grant” and “loan” from Agency
In this Part, an incentive, a grant or a loan from the Agency means —
(a)
an incentive, a grant or a loan given by the Agency out of moneys in the Skills Development Fund in accordance with section 7 of the Skills Development Levy Act 1979;
(b)
an incentive, a grant or a loan given by the Agency out of moneys not in the Skills Development Fund; or
(c)
an incentive, a grant or a loan given by the Agency out of a combination of moneys mentioned in paragraphs (a) and (b).