Singapore legislation

Clause 11

of Central Provident Fund (Amendment No. 2) Bill

Clause 11

Amendment of section 77

Section 77 (1) of the principal Act is amended —

(a)

by inserting, immediately after paragraph (f), the following paragraph:“(fa)to provide that the Board may, with the approval of the Minister, appoint any agent (including the Government or any statutory body) for the assessment, collection or recovery of contributions payable under this Act or any regulations made thereunder and any interest thereon and that such agent may be delegated such duties, powers and functions of the Board or its officers under this Act as may be prescribed;”;

(b)

by deleting the word “and” at the end of paragraph (m); and

(c)

by deleting paragraph (n) and substituting the following paragraphs:“(n)to provide for members of the Fund to apply or withdraw all or part of the contributions and interest standing to their credit in the Fund for the payment of improvement contributions due to the Housing and Development Board constituted under the Housing and Development Act (Cap. 129) in respect of upgrading works carried out under Part IVA of that Act including the payment of costs, fees or other incidental expenses arising from such works; and

(o)

as are necessary or expedient for giving full effect to the purposes and provisions of this Act.”.