Education Endowment and Savings Schemes Act

EDUCATION ENDOWMENT AND SAVINGS SCHEMES ACT

(CHAPTER 87A)

(Original Enactment: Act 33 of 1992)

REVISED EDITION 1993

(15th March 1993)

An Act to establish an education endowment scheme and a scheme to promote savings for post-secondary education, and for matters connected therewith.

[1st January 1993]

PART I

PRELIMINARY

Short title

1. This Act may be cited as the Education Endowment and Savings Schemes Act.

Interpretation

2.—(1) In this Act, unless the context otherwise requires —

“Board” means the Central Provident Fund Board established under the Central Provident Fund Act [Cap. 36];

“Council” means the Advisory Council established under section 10;

“Edusave account” means an Edusave account maintained under section 7(3);

“Edusave Pupils Fund” means the Edusave Pupils Fund established under section 7(1);

“Endowment Fund” means the Edusave Endowment Fund established under section 3(1);

“parent” includes a legal guardian;

[52/2007 wef 01/01/2008]

“PSE account” means a PSE account maintained under section 16A(3);

[52/2007 wef 01/01/2008]

“PSE Fund” means the Post-Secondary Education Fund established under section 16A(1);

[52/2007 wef 01/01/2008]

“PSE Scheme Administrator” means the public officer appointed by the Minister to administer the PSE Fund on behalf of the Minister;

[52/2007 wef 01/01/2008]

“school age” means such age as may be prescribed;

“sibling”, in relation to a member of the PSE Fund, means the natural sibling, step-sibling or adopted sibling of the member.

[52/2007 wef 01/01/2008]

(2) For the purposes of sections 12, 13 and 14, “school” means such educational institution as the Minister may approve from time to time under subsection (3).

[52/2007 wef 01/01/2008]

(3) The Minister may —

(a)	approve any educational institution as a school for the purposes of any provision of sections 12, 13 and 14; and
(b)	approve different educational institutions for the purposes of different provisions of sections 12, 13 and 14 and for different classes of members of the Edusave Pupils Fund. [52/2007 wef 01/01/2008]

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