No. S 192
Singapore Armed Forces Act
(Chapter 295)
Singapore Armed Forces (Saver-premium Fund) (Amendment) Regulations 2004
In exercise of the powers conferred by section 205C(8) of the Singapore Armed Forces Act, the Armed Forces Council hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Singapore Armed Forces (SAVER-Premium Fund) (Amendment) Regulations 2004 and shall be deemed to have come into operation on 1st November 2002.
Amendment of regulation 11
2.  Regulation 11 of the Singapore Armed Forces (SAVER-Premium Fund) Regulations (Rg 18) (referred to in these Regulations as the principal Regulations) is amended by inserting, immediately after the words “SAVER-Premium Fund” in sub-paragraph (d), the words “and any other sums payable to the Income Account under these Regulations”.
Amendment of regulation 12
3.  Regulation 12 of the principal Regulations is amended by inserting, immediately after paragraph (4), the following paragraphs:
(5)  The Board may deduct from the Central Provident Fund Top-Up Account of a member or, if there is a deficiency of funds in that account, from any other subsidiary account of the member, any expenses incurred by or on behalf of the Board in the administration, management or investment of moneys in the SAVER-Premium Fund specifically on account of that member.
(6)  Any deduction under paragraph (5) shall be paid by the Board as reimbursement into the Income Account.”.
Amendment of regulation 14
4.  Regulation 14 (1) of the principal Regulations is amended by inserting, immediately after the words “SAVER-Premium Fund”, the words “and any other sums specified by these Regulations”.

Made this 8th day of April 2004.

LEE YUEN HEE
Secretary,
Armed Forces Council,
Singapore.
[MINDEF 4-4/19-2-104-1/ML; AG/LEG/SL/295/2002/1 Vol.2]
(To be presented to Parliament under section 207 of the Singapore Armed Forces Act).