Singapore legislation
Clause 8
Clause 8
Amendment of section 27
Section 27 of the principal Act is amended —
by deleting subsection (2) and substituting the following subsection:“(2) The Board may, in its discretion but only after the Board is satisfied that all repayments of any loan given to the member by the Government under an approved loan scheme within the meaning of section 14A, together with all interest and other charges which the member is liable to pay to the Government under the terms and conditions of that loan, have been paid, allow a member who is an undischarged bankrupt to withdraw from the amount standing to his credit in the Fund if —
he satisfies any of the grounds for withdrawals specified in section 15(2)(a), (d) or (e); and (b)he satisfies such conditions as may be specified by the Minister from time to time.”; and
by deleting subsection (4).