37. Levies payable by PPF 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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• PPF Scheme

  PPF Scheme

  Defined · s 2

  “PPF Scheme” means the Policy Owners’ Protection Scheme established under section 30;

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• PPF Scheme member

  PPF Scheme member

  Defined · s 2

  “PPF Scheme member” means a member of the PPF 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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