Singapore Armed Forces (SAVER Fund) Regulations

Singapore Armed Forces Act

(Chapter 295, Section 205C)

Rg 18

G.N. No. S 186/1998

REVISED EDITION 2000

(31st January 2000)

[1st April 1998]

PART I

PRELIMINARY

Citation

1. These Regulations may be cited as the Singapore Armed Forces (SAVER Fund) Regulations.

Definitions

2. In these Regulations, unless the context otherwise requires —

“Board” means the Board of Trustees appointed in accordance with regulation 3;

“Chairman” means the Chairman of the Board;

“Contribution Account” has the same meaning as in regulation 11(a);

“financial year” means the financial year of the SAVER Fund;

“Income Account” has the same meaning as in regulation 11(b);

“member” means a member of the SAVER Plan ;

“net income”, in relation to the SAVER Fund, means the amount ascertained by adding to, or deducting from, the income received from investments of capital moneys in the SAVER Fund any profit derived or loss sustained, as the case may be, from the realisation of such investments;

“SAVER Plan” means the SAVER Plan established by the Singapore Armed Forces (SAVER Plan) Regulations (Rg 19) made under section 205A of the Act;

“secretary” means the secretary of the Board appointed under regulation 7(1);

“Stabilisation Account” means the account established under regulation 11(c);

“subsidiary account” means any subsidiary account referred to in regulation 12(1);

“trustee” means a member of the Board, including the Chairman.

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