Singapore legislation

Clause 6

of Central Provident Fund (Amendment) Bill

Clause 6

Repeal and re-enactment of section 18B

Section 18B of the principal Act is repealed and the following section substituted therefor:“Transfer of member’s money in ordinary account to special account18B. The Board may (on a member’s application and subject to any regulations made under section 77(1) and any terms and conditions as the Board may impose) transfer a sum, not exceeding the special account top‑up limit computed in accordance with regulations made under section 77(1), from the amount standing to a member’s credit in the member’s ordinary account to the member’s special account.”.

Clause 6 — Central Provident Fund (Amendment) Bill | laws.sg