Education Endowment and Savings Schemes Act
(CHAPTER 87A)

(Original Enactment: Act 33 of 1992)

REVISED EDITION 2009
(31st July 2009)
An Act to establish an education endowment scheme and a scheme to promote savings for post-secondary education, and for matters connected therewith.
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[1st January 1993]
PART I
PRELIMINARY
Short title
1.  This Act may be cited as the Education Endowment and Savings Schemes Act.
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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;
“PSE account” means a PSE account maintained under section 16A(3);
“PSE Fund” means the Post-Secondary Education Fund established under section 16A(1);
“PSE Scheme Administrator” means the public officer appointed by the Minister to administer the PSE Fund on behalf of the Minister;
“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.
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(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).
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(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.
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