Singapore legislation
Clause 11
Clause 11
Conditions for withdrawal from EduSave Fund
(1)
Any money standing to the credit of any member in the EduSave account may be withdrawn from the EduSave Fund with the authority of the Board in accordance with this section and section 12.
(2)
Subject to this section, the parent of a member below the age of 21 years, or a member who has attained the age of 21 years, shall be entitled to withdraw the sum standing to the credit of the member in the EduSave account at any time for the following purposes:
to defray the whole or any part of such expenses of the member as may be necessary to enable him to take part in any extra-curricula activity or enhancement programme approved by the school of the member; and
such other purposes as may be prescribed.
(3)
No member or parent of a member shall be entitled to withdraw any sum standing to the credit of the member in the EduSave account to pay for such school fees or miscellaneous fees of the member as may be prescribed.
(4)
For the purposes of this section and section 12(1), “school” means any prescribed school, junior college and institution of higher learning in Singapore.