Singapore legislation

Clause 10

of Central Provident Fund (Amendment) Bill

Clause 10

Amendment of section 18C

Section 18C of the principal Act is amended by deleting subsections (1) and (2) and substituting the following subsection:“(1) The Board may, on the application of a member who has less than the requisite amount standing to his credit in his medisave account and subject to such terms and conditions as the Board may impose, transfer to his medisave account a sum standing to his credit in his ordinary account or special account, or in both accounts.”.

Clause 10 — Central Provident Fund (Amendment) Bill