Clause 1
Short title and commencement
This Act is the National Productivity Fund (Amendment) Act 2023 and comes into operation on a date that the Minister appoints by notification in the Gazette.
/akn/sg/act/bill/2023/24
National Productivity Fund (Amendment) Bill
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
- Type
- Bill
- Status
- In force
- Enacted
- 2023
- Sections
- 6
Quick answer
About this bill
National Productivity Fund (Amendment) Bill is Singapore Bill, cited as Bill 24 2023, currently marked in force and first recorded in 2023.
Clause 2
Amendment of section 3
In the National Productivity Fund Act 2010 (called in this Act the principal Act), in section 3(1), after paragraph (b), insert —“(ba)all moneys paid to or recovered by the Board (whether pursuant to any contract entered into, any legal action taken, or otherwise) in connection with the provision of any financing, incentive or grant from the Fund;”.
Clause 3
Amendment of section 4
In the principal Act, in section 4(1) —
(a)
in paragraph (a), after “provision”, insert “(whether directly or through an intermediary)”; and
(b)
after paragraph (a), insert —“(aa)the provision of grants (whether directly or through an intermediary) to any enterprise, for the purpose of —
(i)
making investments in Singapore; or
(ii)
carrying out economic activities in Singapore,in order to develop the Singapore economy or any part thereof;”.
Clause 4
Amendment of section 24
In the principal Act, in section 24(1) —
(a)
in paragraph (a), replace “a grant” with “any financing, incentive or grant”;
(b)
in paragraph (b), replace “any grant” with “any financing, incentive or grant”; and
(c)
in paragraph (b), replace “the grant has been made” with “it was provided”.
Clause 5
Amendment of section 26
In the principal Act, in section 26(c), replace “any grant” with “any financing, incentive or grant”.
Clause 6
Amendment of Second Schedule
In the principal Act, in the Second Schedule —
(a)
in paragraph 1, after “continuing education”, insert “, and matters relating to the promotion of investments or economic activities in Singapore (collectively called in this Schedule the Fund objects)”;
(b)
in paragraph 3, replace “matters relating to productivity enhancement and continuing education” with “any Fund object”; and
(c)
in paragraph 8, after “the purpose of”, insert “any Fund object, including”.
Common questions
- What is National Productivity Fund (Amendment) Bill?
- National Productivity Fund (Amendment) Bill is Singapore Bill, cited as Bill 24 2023, currently marked in force and first recorded in 2023.
- Is National Productivity Fund (Amendment) Bill still in force?
- Yes — National Productivity Fund (Amendment) Bill is currently in force.
- When did National Productivity Fund (Amendment) Bill take effect?
- National Productivity Fund (Amendment) Bill was first recorded in 2023.
- How many clauses does National Productivity Fund (Amendment) Bill have?
- National Productivity Fund (Amendment) Bill contains 6 clauses.
- Where can I read the official version of National Productivity Fund (Amendment) Bill?
- The official text of National Productivity Fund (Amendment) Bill is published at sso.agc.gov.sg.