12. Premium contributions payable by DI Scheme members

Terms defined in s 2

• Authority

  Authority

  Defined · s 2

  “Authority” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act 1970;

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• DI Scheme

  DI Scheme

  Defined · s 2

  “DI Scheme” means the Deposit Insurance Scheme reconstituted under section 4;

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• DI Scheme member

  DI Scheme member

  Defined · s 2

  “DI Scheme member” means a member of the DI Scheme;

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• premium year

  premium year

  Defined · s 2

  “premium year”, in relation to the determination and payment of premium contributions and levies, means such period as may be prescribed by the Authority as a premium year —(a)under section 12(4), in respect of the premium contributions payable by DI Scheme members; or(b)under section 37(4), in respect of the levies payable by PPF Scheme members;

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