Clause 10

by deleting subsection (4) and substituting the following subsections:“(4) The Board may, on the application being made to it by a member, exempt the member from the Scheme.(4A) Any exemption by the Board under subsection (4) shall be subject to such terms and conditions as may be prescribed by the Minister.”;

by deleting the words “60 years” in subsection (5)(a) and substituting the words “65 years”; and

by inserting, immediately after subsection (5), the following subsection:“(5A) Notwithstanding subsection (5), the Scheme shall not apply to any member who is 60 years of age or above but below 65 years of age on the date of commencement of the Central Provident Fund (Amendment) Act 2000 unless that member opts, in such manner as the Board may determine, to join the Scheme.”.