Singapore legislation

Clause 7

of Central Provident Fund (Amendment No. 2) Bill

Clause 7

Amendment of section 11

Section 11 of the principal Act is amended —

(a)

by deleting the words “subsection (6) of section 13” in the fourth line of subsection (1) thereof and substituting therefor the words “subsection (2) of section 13A”; and

(b)

by deleting subsection (4) thereof and substituting therefor the following: —“(4) After the death of a member of the Fund a person nominated by such member in accordance with the provisions of subsection (1) of section 13A of this Act shall be entitled to withdraw such portion of one-half of the sum standing to the credit of such member in the Fund as is set out in the memorandum executed in accordance with that subsection.”.

Clause 7 — Central Provident Fund (Amendment No. 2) Bill