Singapore legislation

Clause 10

of Central Provident Fund (Amendment No. 2) Bill

Clause 10

New section 18D

The principal Act is amended by inserting, immediately after section 18C, the following section:“Transfer of member’s moneys in ordinary account or special account to medisave account of related person18D. The Board may, on the application of a member and subject to such terms and conditions as the Board may impose, permit the member to transfer the whole or part of the amount standing to the credit of the member in either or both of the member’s ordinary account and special account to the medisave account of any person who is related to the member in a manner specified by the Board.”.