No. S 333
Interpretation Act
(Chapter 1)
Delegation of Powers (Ministry of Trade and Industry) Notification 2002
In exercise of the powers conferred by section 36 of the Interpretation Act, the Minister for Trade and Industry hereby makes the following Notification:
Citation and commencement
1.  This Notification may be cited as the Delegation of Powers (Ministry of Trade and Industry) Notification 2002 and shall be deemed to have come into operation on 26th January 2002.
Delegation of powers
2.  The Minister for Trade and Industry, with the approval of the President, hereby deputes —
(a)the Minister for Finance, to exercise the powers of the Minister for Trade and Industry under Part X of the Economic Expansion Incentives (Relief from Income Tax) Act (Cap. 86), in respect of any application for investment allowance from the financial services sector where the investment allowance exceeds $5 million; and
(b)the Managing Director, Monetary Authority of Singapore, to exercise the powers of the Minister for Trade and Industry under Part X of the Economic Expansion Incentives (Relief from Income Tax) Act, in respect of any application for investment allowance from the financial services sector where the investment allowance does not exceed $5 million.

Made this 3rd day of July 2002.

HENG SWEE KEAT
Permanent Secretary,
Ministry of Trade and Industry,
Singapore.
[MTI 57/2-018; AG/LEG/SL/1/1998/1 Vol. 2]
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