Singapore legislation

Clause 6

of Central Provident Fund (Amendment) Bill

Clause 6

Repeal and re-enactment of section 19

Section 19 of the principal Act is repealed and the following section substituted therefor:“Moneys transferred to parent’s or spouse’s retirement account to be credited to member’s account on death of parent or spouse

19. Any moneys transferred by a member to his parent’s or spouse’s retirement account or paid by any person into his parent’s or spouse’s retirement account under section 18 shall be deemed to be contributions for the purposes of this Act and shall not form part of the moneys payable out of the Fund on the death of the parent or the spouse, as the case may be, and on the death of the parent or the spouse, any moneys so transferred or paid or the balance thereof shall be credited to the account from which it was transferred or to the account of the person or spouse who made the payment.”.

Clause 6 — Central Provident Fund (Amendment) Bill | laws.sg