Singapore legislation

Clause 15

of Central Provident Fund (Amendment) Bill

Clause 15

Amendment of section 39

Section 39 of the principal Act is amended —

(a)

by deleting paragraph (a) and substituting the following paragraphs:“(a)provide for the different classes of members of the Scheme and the rates of premium payable by such members;

(aa)provide for the manner and time for payment of premiums by the different classes of members of the Scheme;

(ab)provide for the period and commencement of cover under the Scheme;”; and

(b)

by inserting, immediately after paragraph (b), the following paragraph:“(ba)provide for the amount of money payable by the Board under the Scheme where the prescribed premium has not been fully paid;”.