Singapore legislation

Clause 2

of Central Provident Fund (Amendment) Bill

Clause 2

Amendment of section 29

Subsection (1) of section 29 of the Central Provident Fund Act is hereby amended —

(a)

by deleting the word “and” appearing at the end of paragraph (g) thereof;

(b)

by deleting the full-stop appearing at the end of paragraph (h) thereof and substituting therefor the expression “; and”; and

(c)

by inserting immediately after paragraph (h) thereof the following new paragraph: —“(i)to provide for members of the Fund to apply, assign or withdraw all or part of the contributions and interest standing to their credit in the Fund for the purpose of purchasing the stocks and shares of the Singapore Bus Service (1978) Limited, a company incorporated under the provisions of the Companies Act (Cap. 185), subject to such conditions as the Minister may impose.”.

Read in full context — Central Provident Fund (Amendment) Bill →