Singapore legislation
Clause 11
Clause 11
Amendment of section 8
Section 8 of the principal Act is amended —
(a)
by deleting the words “the Fund” in subsection (1) and substituting the words “each of the Funds”;
(b)
by deleting the words “Fund begins on the date of commencement of this Part” in subsection (2) and substituting the words “Pioneer Generation Fund begins on 9 March 2015”; and
(c)
by inserting, immediately after subsection (2), the following subsection:“(3) The first financial year of the Merdeka Generation Fund begins on the date of commencement of the Pioneer Generation Fund (Amendment) Act 2019 and ends on 31 March of the succeeding year.”.