In force2006 Revised EditionCurrent version · 2006 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Deposit Insurance Act · 2006 Revised Edition · Part V · Premiums
21. Premium contributions payable by Scheme members
Feedback & support(1)
Every Scheme member shall, from the effective date appointed under section 30(5), pay a premium contribution for any premium year or part thereof in respect of the insured deposits placed with the Scheme member.
(2)
Subject to the provisions of this Act, the premium contribution shall be of an amount computed by the Authority under section 22.
(3)
The premium year shall be such period as may be prescribed in regulations.
(4)
The Authority may make regulations for the purpose of prescribing the premium year.