Clause 42

by deleting paragraph (h) and substituting the following paragraph:“(h)to provide for a member of the Fund to apply, assign or withdraw all or part of the moneys standing to his credit in the Fund, and for the repayment into the member’s account in the Fund of all or part of the moneys applied, assigned or withdrawn —

for the purchase or acquisition of any immovable property;

for the repayment of any loan taken to finance or re‑finance the purchase or acquisition of any immovable property;

for the payment of —

any improvement contribution due to the Housing and Development Board in respect of upgrading works carried out under Part IVA of the Housing and Development Act (Cap. 129), or any improvement contribution due to a Town Council in respect of upgrading works carried out under Part IVA of the Town Councils Act (Cap. 329A); and

any costs, fees or other incidental expenses arising from such works; and

for the payment of costs, fees or other expenses incurred —

for the purchase or acquisition of an immovable property;

to change the manner of holding of an immovable property from a joint tenancy to a tenancy in common, or vice versa;

for the transfer of any part (but not the whole) of the member’s estate or interest in an immovable property to any other person;

for obtaining any loan to finance or re-finance any purchase or acquisition referred to in sub-paragraph (A); or

in connection with withdrawals of any money from the Fund;”;

by deleting the words “members of the Fund to apply or withdraw all or part of the contributions and interest standing to their credit in the Fund” in paragraph (i) and substituting the words “a member of the Fund to apply or withdraw all or part of the moneys standing to his credit in the Fund, and for the repayment into the member’s account in the Fund of all or part of the moneys applied or withdrawn”;

by inserting, immediately after the words “services received” in paragraph (j), the words “, or to be received,”;

by deleting paragraph (k) and substituting the following paragraph:“(k)to provide, in any case where a member or his dependant is insured under a medical insurance scheme or other insurance scheme approved by the Minister charged with the responsibility for health, for —

the withdrawal of money from the member’s medisave account for the payment of any premium payable by the member or his dependant in respect of the medical insurance scheme or other insurance scheme;

the refund of any premium paid by the member or his dependant in respect of the medical insurance scheme or other insurance scheme, the circumstances under which any such refund will be made, and the determination of the manner in which any such refund will be made (including the person who will make any such determination); and

the payment of any rebate given in respect of the medical insurance scheme or other insurance scheme, the circumstances under which any such payment will be made, and the determination of the manner in which any such payment will be made (including the person who will make any such determination);”;

by deleting the words “15(6) and (7)” in paragraph (o) and substituting the words “15(6)(a), (6C), (6CA), (6CB), (7), (9), (9A), (10), (10A) and (11) to (11F)”;

by deleting the words “and 18(1) and (1A)” in paragraph (o) and substituting the words “, 18(1) and (1A) and 18A(1) and (1A)”;

by inserting, immediately after the words “computing the minimum sum” in paragraph (o)(ii), the words “, and provide for certain amounts standing to the credit of a member in his retirement account to be disregarded when determining whether the member has set aside the minimum sum”;

by deleting the words “prescribe the amount of the minimum sum which may be withdrawn, and provide for the manner in which the minimum sum may be withdrawn,” in paragraph (o)(iii) and substituting the words “prescribe the amount which may be withdrawn under section 15(7), and provide for the manner in which that amount may be withdrawn,”;

by deleting the word “and” at the end of paragraph (o)(iii);

by deleting the words “of the minimum sum withdrawn by a member” in paragraph (o)(iv) and substituting the words “withdrawn by a member under section 15(7)”;

by inserting, at the end of paragraph (o)(iv), the word “and”;

by inserting, immediately after sub-paragraph (iv) of paragraph (o), the following sub-paragraph:“(v)provide for the payment into a member’s account in the Fund of any payment to the Board that is secured under section 15(9), (9A), (10), (10A), (11D) or (11E), 27C(1) or (2), 27D(1) or (2) or 27DA(1) or (2);”; and

by deleting paragraph (r).