Singapore legislation

Clause 16

of Central Provident Fund (Amendment) Bill

Clause 16

Amendment of section 22

Subsection (1) of section 22 of the principal Act is hereby deleted and the following substituted therefor: —“(1) Whenever a writ of seizure and sale has been issued in execution of a judgment against an employer and any movable or immovable property or other assets belonging to such employer has been seized or sold or otherwise realized in pursuance of such execution, and, prior to the payment of the proceeds of such sale or other realization to an execution creditor, notice has been given to the Sheriff or other officer charged with the execution of the writ by the Board that any sum is due to the Fund, no part of such proceeds shall be paid to an execution creditor, unless and until the court issuing the writ has ascertained and provided for the sum due to the Fund at the date of such sale or other realization.”.