Goods and Services Tax Voucher Fund (Amendment) Bill

Goods and Services Tax Voucher Fund
(Amendment) Bill

Bill No. 14/2020

Read the first time on 5 March 2020.

An Act to amend the Goods and Services Tax Voucher Fund Act (Chapter 117C of the 2013 Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:

Short title and commencement

1. This Act is the Goods and Services Tax Voucher Fund (Amendment) Act 2020 and comes into operation on a date that the Minister appoints by notification in the Gazette.

Amendment of section 4

2. Section 4(1) of the Goods and Services Tax Voucher Fund Act is amended by deleting paragraph (a) and substituting the following paragraph:

“(a)	to provide financial assistance (including cash grants, grants‑in‑aid, rebates, reliefs, subsidies and credits) under a public scheme to such natural persons as may be prescribed, in order to mitigate the impact of the goods and services tax on their living expenses;”.

New section 8A

3. The Goods and Services Tax Voucher Fund Act is amended by inserting, immediately after section 8, the following section:

“Financial assistance not of right

8A. No person has an absolute right to any financial assistance under a public scheme using moneys from the Fund.”.

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