Singapore legislation

Clause 2

of Central Provident Fund (Amendment) Bill

Clause 2

Amendment of section 2

Section 2(1) of the Central Provident Fund Act (called in this Act the principal Act) is amended —

(a)

by inserting, immediately after the definition of “approved corporation”, the following definition:“ “approved developer” means an approved developer under Part 4B of the Housing and Development Act 1959;”;

(b)

by inserting, immediately after the definition of “employer”, the following definition:“ “entitlement date” means a date specified by the Board, for the purposes of section 15(7) and (7B)(a), that falls in the month in which the member attains the prescribed age;”;

(c)

by inserting, immediately after the definition of “Housing and Development Board”, the following definition:“ “Housing Authority” means any of the following:

(a)

the Housing and Development Board;

(b)

the Jurong Town Corporation established by section 3 of the Jurong Town Corporation Act 1968;

(c)

the Minister for Finance incorporated under the Minister for Finance (Incorporation) Act 1959;

(d)

the Housing and Urban Development Company Private Limited, a company incorporated under the Companies Act 1967;”;

(d)

by deleting the words “section 15(8CA)(a) or (c)” in the definition of “payout benchmark applicable to the member” and substituting the words “section 15AA(8)(a) or (c)”; and

(e)

by deleting the words “section 15(2A)(c), (6)(c), (7B)(c) or (8A)(c)” in the definition of “reserved amount” and substituting the words “section 15(6)(c) or 15AA(5)(b)”.

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