Singapore legislation

Clause 27

of Central Provident Fund (Amendment) Bill

Clause 27

Amendment of section 27Q

Section 27Q of the principal Act is amended —

(a)

by inserting, immediately after the words “this Part” in subsection (1), the words “and section 6(4B)(a)(ii)”;

(b)

by inserting, immediately after paragraph (d) of subsection (2), the following paragraphs:“(da)provide for the cancellation or termination of annuity plans, and for the manner in which a relevant member may apply to terminate an annuity plan issued to him;

(db)provide for the circumstances in which the Board is liable to refund the whole or any part of the premium paid by a relevant member;”;

(c)

by inserting, immediately after the words “section 27L(8)” in subsection (2)(h), the words “and the generality of paragraph (db)”;

(d)

by inserting, immediately after the words “this Part” in subsection (2)(n), the words “or section 6(4B)(a)(ii)”; and

(e)

by inserting, immediately after the words “this Part” in the section heading, the words “and section 6(4B)(a)(ii)”.

Read in full context — Central Provident Fund (Amendment) Bill →