Education Endowment Scheme Bill

Bill No. 24/1991

Read the first time on 29th July 1991.
An Act to establish an education endowment scheme and for matters connected therewith.
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 may be cited as the Education Endowment Scheme Act 1991 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
2.  In this Act, unless the context otherwise requires —
“Board” means the Central Provident Fund Board established under the Central Provident Fund Act [Cap. 36];
“child” means a person who is of school age;
“Council” means the Advisory Council established under section 9;
“EduSave account” means an EduSave account maintained under section 5(3);
“EduSave Fund” means the EduSave Fund established under section 5(1);
“eligible ordinary member” means any ordinary member who is eligible for the payment of the prescribed amount of contribution under section 8(1);
“Endowment Fund” means the Education Endowment Fund established under section 3(1);
“member” means an ordinary member or a voluntary member of the EduSave Fund;
“ordinary member” means an ordinary member of the EduSave Fund;
“parent”, in relation to a child, includes a guardian of the child;
“prescribed school” means an institution for providing full-time primary or secondary education or vocational training, being —
(a)a school organised and conducted directly by the Government;
(b)a school specified in any order made under section 3(1) of the School Boards (Incorporation) Act [Cap. 284A];
(c)an aided school within the meaning of that term in the School Boards (Incorporation) Act;
(d)a vocational training institute maintained by the Vocational and Industrial Training Board under the Vocational and Industrial Training Board Act [Cap. 345]; or
(e)such other school as may be prescribed;
“school age” means such age as may be prescribed;
“voluntary member” means a voluntary member of the EduSave Fund.