Skills Future Singapore Agency Act 2016 · 2020 Revised Edition · Part 6 · Financial Provisions
46. Financial accounts and records
Feedback & supportThe Agency must —
Agency
“Agency” means the SkillsFuture Singapore Agency established by section 3;
keep proper accounts and records of its transactions and affairs; and
records
“records”, in relation to a transferor, means registers, papers, documents, minutes, receipts, books of account and other record, however compiled, recorded or stored, of that transferor existing on the eve of the transfer date;
do all things necessary to ensure that —
all payments out of its moneys are correctly made and properly authorised; and
adequate control is maintained over the funds and property and assets of, or in the custody of, the Agency and over the expenditure incurred by the Agency.