Singapore legislation

Clause 3

of Child Development Co-Savings (Amendment No. 2) Bill

Clause 3

Amendment of section 4

Section 4(1) of the principal Act is amended by deleting paragraph (f) and substituting the following paragraph:“(f)where the trustee is no longer able to act as trustee by reason that the trustee lacks capacity (within the meaning of the Mental Capacity Act (Cap. 177A)) to exercise the trustee’s functions as trustee, and the member has no other legal guardian, be substituted with —

(i)

a donee of a lasting power of attorney which is granted by the trustee under that Act, and under which the trustee confers on the donee authority either to make decisions concerning the trustee’s property and affairs or to exercise the functions as trustee;

(ii)

a deputy appointed or deemed to be appointed for the trustee by the court under that Act, and who is conferred power either to make decisions concerning the trustee’s property and affairs or to exercise the functions as trustee; or

(iii)

if there is no such donee or deputy, a person nominated by the Minister; and”.

Read in full context — Child Development Co-Savings (Amendment No. 2) Bill →