Home Affairs Uniformed Services (INVEST Fund) Regulations 2001

No. S 485

Home Affairs Uniformed Services Superannuation Act 2001

(Act 33 of 2001)

Home Affairs Uniformed Services (Invest Fund) Regulations 2001

In exercise of the powers conferred by section 24 of the Home Affairs Uniformed Services Superannuation Act 2001, the Minister for Home Affairs hereby makes the following Regulations:

PART I

PRELIMINARY

Citation and commencement

1. These Regulations may be cited as the Home Affairs Uniformed Services (INVEST Fund) Regulations 2001 and shall come into operation on 1st October 2001.

Definitions

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

“auditor” means the Auditor-General or an auditor appointed under section 22(3) of the Act;

“Chairman” means the Chairman of the Board;

“Compensation Account” means the Compensation Account referred to in regulation 10(a);

“Contribution Account” means the Contribution Account referred to in regulation 10(b);

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

“Capital Forfeiture Account” means the Capital Forfeiture Account referred to in regulation 12;

“Income Account” means the Income Account referred to in regulation 13;

“junior officer” means —

(a)	a civil defence officer who is of or below the rank of Senior Warrant Officer Class One;
(b)	an intelligence officer who was a former police officer below the rank of Inspector;
(c)	a narcotics officer who is below the rank of Inspector;
(d)	a junior police officer; or
(e)	a prisons officer who is below the rank of Rehabilitation Officer,

and who is a member of the INVEST Plan;

“Post-Retirement Medical Account” means the Post-Retirement Medical Account referred to in regulation 10(f);

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

“Provisional Account” means the Provisional Account referred to in regulation 10(g);

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

“senior officer” means —

(a)	a civil defence officer of or above the rank of Lieutenant;
(b)	a narcotics officer of or above the rank of Inspector; or
(c)	a prison officer of or above the rank of Rehabilitation Officer,

and who is a member of the INVEST Plan;

“Stabilisation Account” means the account established under regulation 10(d);

“subsidiary account” means any subsidiary account referred to in regulation 11;

“Voted Funds” means moneys appropriated from the Consolidated Fund and the Pension Fund for the purposes of the Ministry of Home Affairs .

Made this 1st day of October 2001.

TAN GUONG CHING

Permanent Secretary,
Ministry of Home Affairs,
Singapore.

[MHA 181/2/004/TF 12; AG/LEG/SL/126B/2001/1 Vol. 1]

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