Singapore legislation

Clause 14

of Central Provident Fund (Amendment) Bill

Clause 14

New section 42A

The principal Act is amended by inserting, immediately after section 42, the following section:“Application to persons below 21 years of age42A.—

(1)

On or after the date of commencement of section 14 of the Central Provident Fund (Amendment) Act 2013 —

(a)

where any person has attained the age of 16 years (or such other age as the Minister may prescribe in place thereof) but is below the age of 21 years, he may do any thing under this Part, or any regulations made under section 51, as if he were of full age; and

(b)

the provisions of this Part and any regulations made under section 51 shall apply to any person who has attained the age of 16 years (or such other age as the Minister may prescribe in place thereof) but is below the age of 21 years, as if he were of full age.(2) Where, before the date of commencement of section 14 of the Central Provident Fund (Amendment) Act 2013, a person below the age of 21 years did any thing under this Part, or any regulations made under section 51, which would have been validly done if he were of full age, that thing shall be deemed to be and always to have been validly done by him.(3) Section 42(4) and (5) shall not apply to any member of the Fund unless he has attained the age of 16 years (or such other age as the Minister may prescribe in place thereof).(4) This section shall apply subject to any contrary age requirement expressly provided under this Act in respect of —

(a)

any thing done under this Part, or any regulations made under section 51; or

(b)

any provision of this Part or of any regulations made under section 51.(5) Section 58 of the Insurance Act (Cap. 142) shall not apply to —

(a)

any thing done under this Part, or any regulations made under section 51; or

(b)

the application of any provision of this Part and of any regulations made under section 51.”.