In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Deposit Insurance and Policy Owners’ Protection Schemes Act 2011 · 2020 Revised Edition · Part 4 · Premium Contributions for di Scheme
18. Refund of premium contributions, etc., paid in excess
Feedback & support(1)
Where it appears to the Authority that a DI Scheme member has paid any premium contribution or additional premium contribution in excess of the amount payable under this Act, the Authority must notify the Agency accordingly.
(2)
Upon receipt of the notification referred to in subsection (1), the Agency must refund to the DI Scheme member the amount of premium contribution or additional premium contribution paid in excess.
Agency
Defined · s 2
“Agency” means the company designated by the Minister under section 56 to be the deposit insurance and policy owners’ protection fund agency;