Singapore legislation

Clause 7

of Pioneer Generation Fund (Amendment) Bill

Clause 7

Amendment of section 4

Section 4 of the principal Act is amended —

(a)

by deleting the words “is established a Government fund called the Pioneer Generation Fund” in subsection (1) and substituting the words “are established 2 Government funds called the Pioneer Generation Fund and the Merdeka Generation Fund, respectively,”;

(b)

by deleting the words “the Fund” in subsections (1)(a) and (d), (2) and (3) and substituting in each case the words “the Pioneer Generation Fund or the Merdeka Generation Fund (as the case may be)”;

(c)

by deleting the words “the Fund” in subsection (1)(b) and (c) and substituting in each case the words “the Pioneer Generation Fund or the Merdeka Generation Fund, as the case may be”;

(d)

by deleting the words “The Fund is” in subsection (3) and substituting the words “The Pioneer Generation Fund and the Merdeka Generation Fund are each”; and

(e)

by inserting, immediately after the word “Fund” in the section heading, the words “and Merdeka Generation Fund”.

Read in full context — Pioneer Generation Fund (Amendment) Bill →