Clause 28

by deleting the words “forthwith pay such amount” in subsection (1) and substituting the words “pay such amount deducted from the Scheme member’s insured sum”;

by inserting, immediately after the words “pay such amount” in subsection (2)(a), the words “deducted from the Scheme member’s insured sum”;

by inserting, immediately after the words “exceeding 2 years” in subsection (2)(b), the words “, by deducting the amount from the Scheme member’s insured sum”;

by deleting the words “such an amount as is prescribed under regulations made under this Part” in subsection (5) and substituting the words “the Scheme member’s insured sum”;

by deleting subsection (6) and substituting the following subsection:“(6) Despite subsection (2)(b), if the incapacity of the Scheme member is in the opinion of the Board likely to continue for more than 2 years, the Board must pay the Housing Authority or the approved mortgagee an amount as is prescribed by regulations made under this Part.”;

by inserting, immediately after subsection (8), the following subsection:“(8A) The Board must credit the excess of the Scheme member’s insured sum over the amount payable under this section to the Scheme member’s account in the Fund.”;

by deleting the word “or” at the end of subsection (10)(a);

by deleting the full-stop at the end of paragraph (b) of subsection (10) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(c)was suffering from an illness when the member joined the Scheme, unless the Board permitted the member to join the Scheme when it knew that the member was suffering from that illness.”; and

by inserting, immediately after subsection (10), the following subsections:“(11) Subsection (9) does not limit the particulars, facts and circumstances which may be taken to be material for the purposes of subsection (10)(a) or (b).(12) Despite subsections (9) and (10), the Board may, on proof of death or incapacity of a Scheme member, pay in any circumstances prescribed by regulations made under this Part the whole or part of the insured sum.(13) Any payment made by the Board in respect of a Scheme member before the date of commencement of section 28 of the Central Provident Fund (Amendment) Act 2016, which if made after that date would be permitted under subsection (12), is taken to be and always to have been validly paid, and no legal proceedings lie or may be instituted or maintained in any court of law on account of or in respect of any such payment.”.