In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Education Service Incentive Payment Act 2001 · 2020 Revised Edition · Part 2 · Connect Plan
7. Contributions excluded from bankrupt member’s property
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Last amended by an amending law of 2018.
(1)
No contribution by the Government made under the CONNECT Plan and no interest on the contribution (if any) is to be subject to the debts of any member of the CONNECT Plan.
CONNECT Plan
Defined · s 2
“CONNECT Plan” means the CONNECT Plan established by regulations made under section 3;
(2)
No contribution and interest mentioned in subsection (1) is to pass to the Official Assignee on the bankruptcy of a member, and if the member is adjudicated a bankrupt, such contribution and interest (if any) are deemed excluded from the property of the bankrupt for the purposes of the Insolvency, Restructuring and Dissolution Act 2018.