Skills Development Levy (Amendment) Bill

The Skills Development Levy (Amendment) Bill 2023 aims to update the Skills Development Levy Act 1979 to better align with current practices. It replaces the definition of "remuneration" with "wages" to facilitate employer compliance. The bill clarifies the composition of the Skills Development Fund and allows for the appointment of authorised persons and inspectors for enforcement purposes. It removes certain enforcement powers now consolidated in the SkillsFuture Singapore Agency Act 2016 and enhances powers related to levy collection and investigations. Miscellaneous amendments are included for legislative consistency.