Civil Aviation Authority of Singapore Act 2009 · 2020 Revised Edition · Part 2A · Funds
25D. Purposes of SAF Fund
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The moneys in the SAF Fund may be withdrawn by the Authority only for the following purposes:
the procurement by the Authority or the SAF Procuring Entity of SAF and SAF environmental attributes from suppliers of SAF;
to pay all reasonable legal costs and all reasonable expenses incurred or estimated to be incurred in connection with the collection or attempted collection of any SAF levy, including interest and penalties on any SAF levy;
to pay all reasonable costs and all reasonable expenses incurred or estimated to be incurred by the Authority or the SAF Procuring Entity in connection with the procurement, management, accounting or allocation of SAF and SAF environmental attributes to persons mentioned in section 7(1)(gb)(i) and (ii);
to pay all reasonable costs and all reasonable expenses incurred by the Authority in connection with the management of the SAF Procuring Entity;
to pay any expenses properly attributable to the setting up of, and the administration and management of moneys in, the SAF Fund;
to invest in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act 1965.
However, no investment paid for with moneys from the SAF Fund may be written off by the Authority without the prior approval of the Minister.
If any withdrawal under subsection (1)(b) or (c) based on an estimation exceeds the actual cost or expense incurred, the Authority must refund that excess amount to the SAF Fund.