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← Goods and Services Tax Voucher Fund Act 2012

Goods and Services Tax Voucher Fund Act 2012 s 4

s 4 Purposes of Fund

4.—(1) The moneys in the Fund may be withdrawn and applied for all or any of the following purposes:(a) to provide financial assistance (including cash grants, grants‑in‑aid, rebates, reliefs, subsidies and credits) under a public scheme to such natural persons as may be prescribed, in order to mitigate the impact of the goods and services tax on their living expenses; (b) the payment of expenses mentioned in section 5; (c) for any other purposes that are authorised under this Act to be paid out of the Fund.[19/2020] (2) The moneys in the Fund may be deposited in any bank account and invested in any investment authorised under the Financial Procedure Act 1966.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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