Singapore legislation

Clause 19

of Central Provident Fund (Amendment No. 2) Bill

Clause 19

Amendment of section 77

Section 77(1) of the principal Act is amended —

(a)

by deleting paragraph (a) and substituting the following paragraphs:“(a)to prescribe the date on which, or month in which, a person born on 29 February is deemed to attain a particular age in any year for the purposes of this Act, including different dates or months for different purposes;

(aa)to provide for the manner of payment, collection and refund of contributions and any matters incidental thereto, including by electronic or other means;”;

(b)

by inserting, immediately after paragraph (g), the following paragraph:“(ga)for the purposes of section 14, including, in particular, specifying the prescribed period mentioned in section 14(3A)(b) and different periods for different types of cash grants or payments;”;

(c)

by deleting the words “minimum sum” wherever they appear in paragraph (o)(i) and (ii) and substituting in each case the words “retirement sum”; and

(d)

by deleting the words “minimum sums” in paragraph (o)(i) and substituting the words “retirement sums”.

Read in full context — Central Provident Fund (Amendment No. 2) Bill →