Clause 2

by inserting, immediately after the definition of “minimum sum” in subsection (1), the following definition:“ “nominee account” means any nominee ordinary account, nominee medisave account, nominee special account or nominee retirement account maintained for a deceased member under section 20(1D);”;

by deleting the word “Where” in subsection (3) and substituting the words “In this Act, unless the context otherwise requires, where”; and

by inserting, immediately after subsection (5), the following subsections:“(6) In this Act, unless the context otherwise requires, a reference to the amount payable on a member’s death out of the Fund shall be construed as a reference to the balance standing to the credit of the member in the Fund after deducting the following amounts:

any sum withdrawn, or to be withdrawn, under section 16A;

any sum credited, or to be credited, to the account of another person under section 19(2) or (6) or 19A(2) or (6);

any sum transferred or paid, or to be transferred or paid, to another person under section 27B; and

any sum recovered, or to be recovered, by the Board under section 27N(4) or 57C(5) or (6).(7) For the purposes of sections 6(4C) and (4D), 13(7A), (7B) and (7C), 26 and 26A, where a member has died, but the day on which, or the month or year in which, the member died cannot be ascertained, the following provisions shall apply:

where the day of the month on which the member died cannot be ascertained, the member shall be deemed to have died —

in any case where the Board has received satisfactory proof, or obtained reliable information, that the member died within a particular period, on the last day of that period; or

in any other case, on the first day of the month in which the member died or is deemed under paragraph (b) to have died;

where the month in which the member died cannot be ascertained, the member shall be deemed to have died —

in any case where the Board has received satisfactory proof, or obtained reliable information, that the member died within a particular period, in the last month of that period; or

in any other case, in January of the year in which the member died or is deemed under paragraph (c) to have died; and

where the year in which the member died cannot be ascertained, and the Board has received satisfactory proof, or obtained reliable information, that the member died within a particular period, the member shall be deemed to have died in the last year of that period.”.