In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Pioneer Generation and Merdeka Generation Funds Act 2014 · 2020 Revised Edition · Part 2 · Pioneer Generation Fund and Merdeka Generation Fund
8. Financial year
Feedback & supportAmended
Last amended by an amending law of 2019.
(1)
The financial year of each of the Funds begins on 1 April of each year and ends on 31 March of the succeeding year.
Funds
Defined · s 2
“Funds” means the Pioneer Generation Fund and the Merdeka Generation Fund established by section 4;
(2)
However, the first financial year of the Pioneer Generation Fund begins on 9 March 2015 and ends on 31 March of the succeeding year.
Pioneer
Defined · s 2
“Pioneer” includes an individual who is determined under section 13 to be a Pioneer;
(3)
The first financial year of the Merdeka Generation Fund begins on 26 June 2019 and ends on 31 March of the succeeding year.