Singapore legislation

Clause 12

of Central Provident Fund (Amendment) Bill

Clause 12

Amendment of section 36

Section 36 of the principal Act is amended —

(a)

by deleting subsections (1) and (2) and substituting the following subsections:“(1) Where a member of the Scheme dies at any time during the period he is insured under the Scheme, the Board shall, upon proof of death, forthwith pay such amount as may be prescribed by regulations made under this Part —

(a)

in any case where there exist such circumstances as may be prescribed by those regulations —

(i)

to such person or persons (other than the Housing Authority or the approved mortgagee) and in such manner as may be prescribed by those regulations; and (ii)if that amount is payable to 2 or more persons, in such proportion as may be determined by the Board; or (b)in any other case, to the Housing Authority or the approved mortgagee.(2) Subject to subsections (3), (4) and (5), where there is a claim made to the Board by a member of the Scheme on the ground of incapacity at any time during the period he is insured under the Scheme, the Board shall, upon proof of incapacity —

(a)

in any case where there exist such circumstances as may be prescribed by regulations made under this Part, pay such amount as may be prescribed by those regulations to be payable at the time of incapacity of the member —

(i)

to such person or persons (other than the Housing Authority or the approved mortgagee) and in such manner as may be prescribed by those regulations; and (ii)if that amount is payable to 2 or more persons, in such proportion as may be determined by the Board; or

(b)

in any other case, pay to the Housing Authority or the approved mortgagee the monthly or other periodic loan instalments which the member of the Scheme is liable to pay to the Housing Authority or the approved mortgagee under the housing loan for a period not exceeding 2 years.”;

(b)

by deleting the words “subsection (2)” wherever they appear in subsections (3) to (6) and substituting in each case the words “subsection (2)(b)”; (c)by deleting the words “to the Housing Authority or the approved mortgagee” in subsection (8); and (d)by deleting the words “to Housing Authority or approved mortgagee” in the section heading.