Last Updated: 3 September 2018

[EFT 10,015] Establishment of the Fund3 

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(1) This regulation establishes the ICT Development Trust Fund.
(2) The Fund consists of—
  • (a)any e-money not refunded by a solution provider to a person upon the date of expiry of the person’s disposable buscard;
  • (b)any interest accrued from the money deposited in the Fund;
  • (c)any money appropriated by Parliament for the application of the Fund; and
  • (d)such sums of money received for the application of the Fund under any written law or from any other source approved by the Minister.
(3) No part of the Fund may be transferred or assigned to any person other than in accordance with these Regulations.