Clause 50

by deleting the word “This” in subsection (4) and substituting the words “Subject to subsection (5), this”; and

by inserting, immediately after subsection (4), the following subsection:“(5) Where a deduction for SRS contributions has been allowed in any year to an SRS member who is not a citizen of Singapore under an assessment made under section 73(1)(b) and within that year the SRS member applies to withdraw an amount up to the amount he has contributed in that year, the SRS operator shall release the amount applied to the SRS member after deducting tax at the rate specified in section 43(1)(b) on every dollar withdrawn.”.