Singapore legislation
Clause 8
Clause 8
Repeal and re-enactment of section 23
Section 23 of the principal Ordinance is hereby repealed and the following section substituted therefor: —“Transfer to the Fund from private provident fund
23. Where by virtue of his employment as an employee any member of the Fund has acquired a right to any pecuniary benefit in a provident fund or other scheme, not being an approved fund as defined in subsection (2) of section 21 of this Ordinance, any part or the whole of such benefit may, if the rules of such provident fund or other scheme permit, be transferred to the Fund and treated as an excess contribution paid for him under the provisions of subsection (3) of section 7 of this Ordinance.”.