Clause 11

by inserting, immediately after the word “account,” in the third line of paragraph (ea) of subsection (2), the words “or has derived income from a trade, business, profession or vocation and has made contributions in respect of such income to the Fund which were obligatory under the Central Provident Fund Act (Cap. 36),”;

by deleting “161/2%” in the sixth line of paragraph (ea) of subsection (2) and substituting “171/2%”;

by deleting “$11,880” wherever it appears in paragraph (ea) of subsection (2) and substituting in each case “$12,600”;

by inserting, immediately after sub-paragraph (iii) of the proviso to paragraph (ea) of subsection (2), the following sub-paragraph:“(iv)where the total deductions allowable under this paragraph in respect of contributions which are obligatory under the Central Provident Fund Act (Cap. 36) and under paragraph (e) in respect of contributions to any approved pension or provident fund or society exceed $12,600, sub-paragraphs (ii) and (iii) shall not apply to such amount of contributions in excess of $12,600 which are allowable under this paragraph;”.(e)by deleting the full-stop at the end of paragraph (h) of subsection (2) and substituting a semicolon, and by inserting immediately thereafter the following paragraph:“(i)had completed national service under the Enlistment Act (Cap. 93) or been deemed to have completed such service by the proper authority and —

had performed reserve service and held a valid certificate issued by the proper authority certifying that he is entitled to the deduction under this sub-paragraph, there shall be allowed a deduction of $1,000; or

had not performed reserve service but held a valid certificate issued by the proper authority certifying that he is entitled to the deduction under this sub-paragraph, there shall be allowed a deduction of $500.”; and

by inserting, immediately after subsection (3), the following subsection:“(3A) For the purposes of subsection (2)(i), “proper authority” means such person as the Minister may appoint.”.