Singapore legislation

Clause 24

of Central Provident Fund (Amendment) Bill

Clause 24

Amendment of section 68

Section 68 of the principal Act is amended —

(a)

by inserting, immediately after the words “an employer” in subsections (1)(a), (2)(a) and (3)(a), the words “or a member”;

(b)

by inserting, immediately after the words “the employer” in subsections (1)(a) and (2)(a), the words “or member”;

(c)

by inserting, immediately after subsection (4), the following subsections:“(5) In any distribution of —

(a)

any proceeds referred to in subsection (1), (2) or (4); or

(b)

any amount sought to be attached under a garnishee order referred to in subsection (3),any sum due to the Fund under section 7 or 61B(1) shall be paid in priority to any sum due to the Fund under section 61B(1A).(6) For the purposes of this section, any reference to an amount or a sum due to the Fund shall be construed as including a reference to an amount or a sum required by the Board or ordered by a court to be paid, repaid, refunded or transferred to any account maintained for a member of the Fund in respect of the moneys standing to the credit of the member in the Fund.”; and

(d)

by inserting, immediately after the word “employee’s” in the section heading, the words “or member’s”.