Section 25

Upon an application to withdraw any sum of money standing to the credit of a member of the PSE Fund in the member’s PSE account by the member’s parent or by the member (as the case may be) under section 22(2) or (3), the PSE Scheme Administrator may authorise the withdrawal of such sum as the parent or member is entitled to withdraw from the member’s PSE account.

Upon an application to transfer the sum standing to the credit of a member of the PSE Fund in the member’s PSE account by the member under section 24(1) or (2), the PSE Scheme Administrator may authorise the transfer of that sum from the member’s PSE account.

Upon an application under section 24(6) to transfer moneys from the PSE account of an individual who is a member of the PSE Fund to the individual’s Edusave account, the PSE Scheme Administrator may authorise the transfer to the Edusave account of an amount not exceeding the amount earlier transferred to the PSE account under section 14(1) with respect to that individual.

All applications for withdrawal or transfer must be supported by such evidence as may be prescribed and by any further evidence that the PSE Scheme Administrator may reasonably require.[16F