Singapore legislation
Section 27Q
Section 27Q
Regulations for purposes of this Part and section 6(4B)(a)(ii)
(1)
The Minister may make such regulations as are necessary or expedient for the purpose of carrying out the provisions of this Part and section 6(4B)(a)(ii).
(2)
Without limiting subsection (1), such regulations may —
provide for different classes of relevant members;
provide for the manner of, and time for, payment of the premium by each class of relevant members;
provide for the manner by which a relevant member may designate his or her relevant age;
provide for the different types of annuity plans which a relevant member may apply for under the Scheme;
(da)provide for the cancellation or termination of annuity plans, and for the manner in which a relevant member may apply to terminate an annuity plan issued to him or her;
(db)provide for the circumstances in which the Board is liable to refund the whole or any part of the premium paid by a relevant member;
provide for the manner by which the Board will pay a relevant member his or her monthly income under section 27K(6) or any amount to be refunded to him or her;
(ea)without limiting paragraph (e), provide for the Board to pay a relevant member’s monthly income under section 27K(6), or any amount to be refunded to a relevant member, into the relevant member’s account in the Fund, and for the circumstances in which payment will be made to a relevant member in this manner;
provide for the manner by which a relevant member is to satisfy the Board that he or she is alive;
provide for the withdrawal of any amount paid into a relevant member’s account in the Fund under section 27L(5)(a);
without affecting section 27L(8) and without limiting paragraph (db), provide for the refund of the whole or any part of the premium on the death of a relevant member, and for the circumstances in which no such refund will be made;
empower the Board to impose terms and conditions for the purposes of the Scheme;
prescribe the evidence to be produced, and the person, officer or authority to whom that evidence is to be produced, for the purposes of this Part;
provide for the information, evidence and documents that the Board may require a relevant member to furnish for the purposes of this Part;
provide for the manner in which, and the processes (apart from those referred to in section 27N) by which, any amount received by a member (being an amount to which he or she is not entitled), or any part thereof, is to be recovered, including recovery from —
any money standing to the member’s credit in the Fund; or
any monthly income under section 27K(6) which the member may be entitled to receive subsequently;
provide for the purposes of section 27P and, in particular, prescribe the procedure and requirements for and manner of effecting, and any other matter relating to, the payment of money under that section; and
prescribe anything which under this Part or section 6(4B)(a)(ii) may be prescribed by the Minister.
(3)
Different times may be prescribed for different classes of members for the purposes of paragraphs (a) and (b) of the definition of “assessment date” in section 27K(9).
(4)
Different amounts may be prescribed for different classes of members for the purposes of section 27K(2)(b)(iii).