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Trade Unions (Amendment) Bill

Bill No. 5/1992

Read the first time on 13th January 1992.

An Act to amend the Trade Unions Act (Chapter 333 of the 1985 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 may be cited as the Trade Unions (Amendment) Act 1992 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

Amendment of section 28

2. Section 28 of the Trade Unions Act is amended by deleting the words “18 years” in the first line of subsection (1) and substituting the words “16 years”.

Amendment of section 49

3. Section 49 of the Trade Unions Act is amended —

(a)

by deleting paragraph (b) of subsection (1) and substituting the following paragraph:

“(b)

shall, subject to the rules thereof and the provisions of this Act, be invested only in —

(i)	investments authorised by law for the investment of trust money;
(ii)	interest-earning deposits in banks or finance companies;
(iii)	shares of co-operative societies established by any registered trade union; or
(iv)	such undertaking, enterprise or scheme, the promoter or proprietor of which is the Singapore Labour Foundation or a company formed by or related to the Singapore Labour Foundation, as the Minister may approve for the purposes of this paragraph.”;

(b)

by deleting the words “Subsection (1)(b)” in subsection (2) and substituting the words “Subsection (1)(b)(i) to (iii)”; and

(c)

by inserting, immediately after subsection (2), the following subsection:

“(3) In this section —

(a)	“Singapore Labour Foundation” means the Singapore Labour Foundation established under section 3 of the Singapore Labour Foundation Act (Cap. 302); and
(b)	a company shall be deemed related to the Singapore Labour Foundation if it is related thereto within the meaning of section 6 of the Companies Act (Cap. 50).”.