Singapore legislation

Regulation 10

of Home Affairs Uniformed Services (INVEST Fund) Regulations

Regulation 10

Accounts in INVEST Fund

Amended byS 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021

Subregulation 1

Amended byS 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021S 790/2021 wef 01/11/2021

There shall be maintained by the Board in respect of the INVEST Fund the following accounts:

(b)

the Contribution Account in which is to be kept all capital moneys of the INVEST Fund;

(c)

the Income Account in which is to be kept all income from the investment of capital moneys of the INVEST Fund and such moneys in the Provisional Account as may be transferred in accordance with regulation 12(2);

(d)

[Deleted by S 790/2021 wef 01/11/2021](e)[Deleted by S 790/2021 wef 01/11/2021](f)the Post-Retirement Medical Account in which is to be kept such moneys transferred from the Income Account or Provisional Account, and moneys allocated from Voted Funds to meet the payment of any medical benefit under the Home Affairs Uniformed Services (INVEST Plan) Regulations (Rg 2) or the Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003 (G.N. No. S 51/2003), as the case may be; and

(g)

the Provisional Account in which is to be kept —

(i)

all moneys standing to the credit of the Capital Forfeiture Account and the Stabilisation Account immediately before 1 November 2021;

(ii)

all dividends and other moneys forfeited in accordance with the Home Affairs Uniformed Services (INVEST Plan) Regulations or the Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003, as the case may be;

(iii)

such moneys in the Income Account as may be transferred in accordance with regulation 13(3); and

(iv)

such moneys allocated from Voted Funds to meet provisions for future transactions and contingencies or such other payments as the Board may determine.

Subregulation 2

Amended byS 790/2021 wef 01/11/2021

In paragraph (1)(g)(i) —

Definition

“Capital Forfeiture Account” means the Capital Forfeiture Account mentioned in paragraph (e) of this regulation as in force immediately before 1 November 2021;

Definition

“Stabilisation Account” means the Stabilisation Account mentioned in paragraph (d) of this regulation as in force immediately before 1 November 2021.