In forceAmended2020 Revised Edition

Contents

Civil Aviation Authority of Singapore Act 2009 · 2020 Revised Edition · Part 2A · Funds

25C. SAF Fund

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Amended

Last amended by an amending law of 2025.

(1)

A fund called the SAF Fund is established comprising —

(a)

all SAF levies paid to the Authority;

(b)

all interest and penalties (including additional penalties) imposed under section 87B or an order made under that section;

(c)

all contributions by the Authority to the SAF Fund;

(d)

all gifts and donations made by any person for the purposes of the SAF Fund; and

(e)

all investments out of moneys in the SAF Fund authorised to be made by this Act and the proceeds of any such investment, including the net income from such investments.

(2)

The SAF Fund is to be managed and administered by the Authority.

(3)

For the purposes of subsection (1)(e), the net income from investments is the amount ascertained by adding to, or deducting from, the income received from investments of moneys in the SAF Fund, any profit derived or loss sustained (as the case may be) from the realisation of such investments.

(4)

Upon dissolution of the SAF Fund, the balance then remaining in the SAF Fund —

(a)

must be transferred by the Authority to one or more bank accounts maintained by the Authority under section 16(3); and

(b)

is to be treated as the moneys of the Authority.