Home Affairs Uniformed Services (INVEST Fund) Regulations

Home Affairs Uniformed Services Superannuation Act

(Chapter 126B, Section 24)

Rg 1

G.N. No. S 485/2001

REVISED EDITION 2004

(29th February 2004)

[1st October 2001]

PART I

PRELIMINARY

Citation

1. These Regulations may be cited as the Home Affairs Uniformed Services (INVEST Fund) Regulations.

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;

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

“CPIB junior officer” means a member of the Scheme appointed to the Corrupt Practices Investigation Service (Junior) Scheme of Service;

“CPIB officer” means a CPIB junior officer or a CPIB senior officer;

“CPIB senior officer” means a member of the Scheme appointed to the Corrupt Practices Investigation Service (Senior) Scheme of Service;

“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;
(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);

“Scheme” means the occupational superannuation scheme established under the Prevention of Corruption Act (Cap. 241) for the benefit of CPIB officers who are its members;

“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 or the Prime Minister’s Office.

[G.N. Nos. S 485/2001; S 52/2003]

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