Singapore legislation
Regulation 11
Regulation 11
Accounts in SAVER-Premium Fund
There shall be maintained by the Board in respect of the SAVER-Premium Fund the following accounts:
[Deleted by S 710/2004 wef 01/12/2004](b)the Contribution Account in which shall be kept all capital moneys of the SAVER-Premium Fund;
the Forfeiture Account in which shall be kept —
all moneys kept in the former Stabilisation Account and Capital Forfeiture Account maintained by the Board under the revoked regulation 11 in force before 31st March 2000;
all dividends forfeited in accordance with the Singapore Armed Forces (SAVER Plan) Regulations (Rg 19) and the Singapore Armed Forces (Premium Plan) Regulations (Rg 22); and
such other sums forfeited in accordance with the Singapore Armed Forces (SAVER Plan) Regulations and the Singapore Armed Forces (Premium Plan) Regulations;
the Income Account in which shall be kept all income from the investment of capital moneys of the SAVER-Premium Fund and any other sums payable to the Income Account under these Regulations;
the Loan and Benefits Account in which shall be kept moneys transferred from the Income Account, and moneys allocated from the moneys appropriated from the Consolidated Fund for the purposes of the Ministry of Defence, to meet payments of loans or other benefits to members of the SAVER Plan or the Premium Plan in accordance with the Singapore Armed Forces (SAVER Plan) Regulations and the Singapore Armed Forces (Premium Plan) Regulations;
[Deleted by S 710/2004 wef 01/12/2004](g)the Provisional Account in which shall be kept moneys transferred from the Income Account, and moneys allocated from the moneys appropriated from the Consolidated Fund for the purposes of the Ministry of Defence, to meet provisions for future transactions and contingencies; and
[Deleted by S 710/2004 wef 01/12/2004]