Clause 5

by deleting subsection (6) and substituting the following subsection:“(6) Subject to subsections (6A) and (8), a member of the Fund who is entitled under subsection (2)(a), (3) or (4) to withdraw the sum standing to his credit in the Fund shall, at the time of withdrawal and in accordance with any regulations made under this Act —

set aside or top-up a prescribed sum (referred to in this Act as the minimum sum); and

unless the Board otherwise allows, set aside or top-up in his medisave account a sum of up to $2,500 or such other amount as may be specified under subsection (6D) in respect of any class of persons.”; and

by inserting, immediately after subsection (6C), the following subsection:“(6D) The Minister may, by order published in the Gazette —

substitute the amount of $2,500 in subsection (6)(b) with such other amount as he thinks fit; and

specify any other amount as he thinks fit in respect of any class of persons for the purposes of subsection (6)(b).”.