Inclusion of Insurance Scheme expands statutory references to insurance funds alongside provident and life insurance arrangements. The amendment broadens section 12 terminology by substituting "Scheme" with "Scheme or the Insurance Scheme" and "the Fund" with "the Fund or the ... Summary
Inclusion of Insurance Scheme expands statutory references to insurance funds alongside provident and life insurance arrangements.
The amendment broadens section 12 terminology by substituting "Scheme" with "Scheme or the Insurance Scheme" and "the Fund" with "the Fund or the Insurance Fund", and by extending "or provident fund" to ", provident fund or life insurance", thereby expanding statutory references to encompass insurance schemes and funds alongside provident arrangements.
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