Singapore legislation

Clause 7

of Central Provident Fund (Amendment) Bill

Clause 7

New section 13C

The principal Act is amended by inserting, immediately after section 13B, the following section:“Other contributions to Fund13C.—

(1)

This section applies to a person who —

(a)

has withdrawn the sum standing to the person’s credit in the Fund by virtue of section 15(2)(b) or (c); and

(b)

subsequently applies to be or becomes a citizen or permanent resident of Singapore.(2) Despite anything in this Act, the Board may, in any particular case, permit a person referred to in subsection (1) to contribute to the Fund, if the person satisfies such conditions as the Board may impose.(3) Where the Board permits a person to contribute to the Fund, the Board may determine the manner and amount of the person’s contribution to the Fund, including —

(a)

the account or accounts of that person in the Fund to which the amount of contribution is to be credited; and

(b)

the amount to be credited into each account of that person in the Fund.(4) A contribution which the Board may permit under this section is not subject to any maximum limit, despite anything in this Act.”.

Read in full context — Central Provident Fund (Amendment) Bill →