Clause 2

by deleting the words “, and includes a person who contributes to the Fund voluntarily in accordance with section 13B” in the definition of “ “member of the Fund” or “member” ” in subsection (1);

by deleting the definition of “retirement account” in subsection (1) and substituting the following definition:“ “retirement account” means a retirement account —

maintained for the crediting, transfer and payment to the account of moneys or contributions in accordance with this Act; and

from which withdrawals, transfers and deductions may be made in accordance with this Act;”;

by inserting, immediately after the definition of “securities account” in subsection (1), the following definition:“ “self-employed person” has the meaning given to it in any regulations made under section 77(1)(e);”;

by inserting, immediately after subsection (1), the following subsection:“(1AA) In this Act —

a reference to the former section 15(6C)(b) is a reference to section 15(6C)(b), as in force immediately before the date of commencement of section 9(1) of the Central Provident Fund (Amendment) Act 2016; and

a reference to an amount referred to in section 15(6C)(a) is a reference to an amount deposited with an approved bank or retained in the member’s retirement account under that section or the former section 15(6C)(b).”; and

by deleting subsection (2).