Singapore legislation
Clause 38
Clause 38
Repeal and re-enactment of section 73
Section 73 of the principal Act is repealed and the following section substituted therefor:“Transfer to Fund from provident fund or other scheme
73. Where any member of the Fund has acquired a right to any pecuniary benefit in a provident fund or other scheme by virtue of his employment as an employee, or by virtue of his engagement outside Singapore under any contract of service or apprenticeship or in any trade, business, profession or vocation, the Board may, in its discretion and subject to such terms and conditions as it may impose, permit the whole or any part of that benefit —
to be transferred to his account in the Fund, if he is a citizen or permanent resident of Singapore at the time of the transfer; and
to be treated as an excess contribution paid for him under section 7(4).”.