Co-operative Societies (Amendment) Act 2018 (Transitional Provision) Rules 2019

Status:

Published in Subsidiary Legislation Supplement
on 02 Sep 2019

No. S 606

Co-operative Societies (Amendment) Act 2018

(ACT 3 OF 2018)

Co-operative Societies (Amendment) Act 2018
(Transitional Provision) Rules 2019

In exercise of the powers conferred by section 67(4) of the Co‑operative Societies (Amendment) Act 2018, the Minister for Culture, Community and Youth makes the following Rules:

Citation and commencement

1. These Rules are the Co-operative Societies (Amendment) Act 2018 (Transitional Provision) Rules 2019 and come into operation on 1 November 2019.

Transitional provision

2. Despite section 33(i) of the Co‑operative Societies (Amendment) Act 2018, for a period of 3 years starting on 1 November 2019, section 60(7) of the Co‑operative Societies Act (Cap. 62) does not apply to a member of the committee of management of a credit society who is elected or co‑opted before that date, and who continues, on and after that date, to be a member of that committee.

Made on 29 August 2019.

TAN GEE KEOW

Permanent Secretary,
Ministry of Culture,
Community and Youth,
Singapore.

[RCS-010-003-001; AG/LEGIS/SL/62/2015/7 Vol. 1]

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