s 56A Meaning of “incentive”, “grant” and “loan” from Agency
56A. In this Part, an incentive, a grant or a loan from the Agency means —(a)
an incentive, a grant or a loan given by the Agency out of moneys in the Skills Development Fund in accordance with section 7 of the Skills Development Levy Act 1979;
(b)
an incentive, a grant or a loan given by the Agency out of moneys not in the Skills Development Fund; or
(c)
an incentive, a grant or a loan given by the Agency out of a combination of moneys mentioned in paragraphs (a) and (b).[Act 3 of 2023 wef 15/06/2023]
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