Singapore legislation

Clause 12

of Central Provident Fund (Amendment) Bill

Clause 12

Repeal and re-enactment of section 24

Section 24 of the Ordinance is hereby repealed and the following substituted therefor: —“Refund of contributions paid in error24.—

(1)

When the Board is satisfied that any amount has been paid by error to the Fund in respect of any person or as interest under the provisions of section 7A of this Ordinance the Board may, subject to the provisions of subsection (2) of this section, refund the amount so paid in error to the person by whom it was paid:Provided that if the refund of any amount paid in error is not claimed within one year of the date on which it was paid or if the member in respect of whom it was paid has withdrawn it, the amount paid in error shall not be refunded but shall be deemed to have been properly paid under the provisions of this Ordinance as interest or for the person in respect of whom it was paid:And provided further that if any amount is due to the Fund from the person to whom refund of the amount paid in error would otherwise be made, the Board may retain the whole or any part of the amount paid in error and set it off against such amount as is due.(2) No refund shall be made and no amount shall be set off under this section except with the consent of the Board who may require any person who claims to have paid any amount to the Fund by error to make written application for refund and to furnish such information as the Board may require to determine the amount so paid.”.

Clause 12 — Central Provident Fund (Amendment) Bill