Singapore legislation
Clause 1C
Clause 1C
Amended by27/2008
In addition to clause (2), the net investment income and realised capital gains that are —
(a)
directly attributable to the relevant assets; and
(b)
received by the Government during a financial year in any current term of office of the Government,shall for the purposes of this Part accrete and be deemed to form part of the past reserves of the Government with effect from the date of the receipt thereof.