Singapore legislation
Clause 7
Clause 7
Repeal and re-enactment of sections 9 and 10, and new section 10A
Sections 9 and 10 of the principal Act are repealed and the following sections substituted therefor:“Control and administration of the Fund9.—
The Board shall control and administer the Skills Development Fund established under section 6, including the collection of the skills development levy and the disbursement of grants and loans from the Fund for the purposes of this Act.(2) The Board shall have power to do all things necessary or convenient to be done for or in connection with the performance of its functions under this Act.Delegation of functions of Board and reimbursement10.—
The Board may, with the approval of the Minister, appoint such agents (including the Government) as may be necessary for the purposes of this Act.(2) The Board may, with the approval of the Minister, delegate all or any of its powers and functions under this Act to any employees or agents (including the Government) as they may appoint under subsection (1).(3) The Board may pay to any person appointed under subsection (1) a fee, not exceeding such percentage of the total amount of contributions as the Minister may direct, for any services rendered in exercise of any powers and functions delegated to that person under this Act.(4) The Board may use moneys from the Fund for all expenses incurred by the Board for the purposes of this Act.(5) Any appointments and delegations made under this section shall be published in the Gazette.Limitation of liability10A. The liabilities of the Board arising from any matter concerning the Fund shall be limited to the amount of the Fund.”.