Regulation 13

all expenses incurred by or on behalf of the Board in connection with the administration of the INVEST Fund, including the cost of auditing the accounts of the Fund and examining the Fund in accordance with section 25 of the Act;

all expenses incurred by or on behalf of the Board in connection with the investment of moneys in the INVEST Fund, including any fee or commission payable to agents for managing such investments and any payments in respect of rates, insurance repairs and any other expenses made for the purpose of maintaining properties owned or mortgaged to the Fund;

all losses, whether sustained from realisation of such investment or from unrealised losses of investment;

all dividends and interests authorized to be paid in respect of any member 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; (da)payments of awards in respect of death in service or disablement under the INVEST Plan or the Scheme; and

all other expenses properly incurred by the Board in the execution of its functions under the Act and these Regulations.

payments of awards or other benefits under the Home Affairs Uniformed Services (INVEST Plan) Regulations or the Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003, as the case may be; or

future transactions or contingencies, or such other payments (including payments for expenses, or to make good losses or deficiencies), as the Board may determine.

charge such expenses, or part thereof, on the Provisional Account instead of the Income Account; or

transfer such moneys from the Provisional Account to the Income Account as the Board thinks fit to meet those expenses.