Singapore legislation
Regulation 2
of Income Tax (Supplementary Retirement Scheme) Regulations 2003
Regulation 2
Definitions
Subregulation 1
In these Regulations —[Deleted by S 231/2005 wef 01/01/2005](2) In these Regulations other than regulation 7(2)(a), unless the context otherwise requires —
a reference to an SRS member making a contribution to his SRS account includes his employer making a contribution to that account on his behalf;
a reference to a contribution of, by or from an SRS member to his SRS account includes a contribution by his employer to that account on his behalf. (3) In these Regulations, a reference to an investment, unless the context otherwise requires, includes a deposit.(4) In these Regulations —
a withdrawal from an SRS account;
a withdrawal of moneys from an SRS account; or
a withdrawal of SRS funds from an SRS account,includes a deduction of a sum representing an investment from the balance in the SRS account that is approved under regulation 14A.
Definition
“deposit” has the meaning given to that word in section 4B of the Banking Act (Cap. 19);
Definition
“financial institution” means any institution licensed or approved by, or registered with or otherwise regulated by, the Monetary Authority of Singapore under any written law;
Definition
“financial product provider” means any financial institution which accepts or has accepted deposits, or offers or has offered gold certificates or investment products, under the SRS;
Definition
“investment product” has the meaning given to that expression in the Financial Advisers Act (Cap. 110);
Definition
“year” means any year from 1st January to 31st December.