Singapore legislation

Clause 37

of Central Provident Fund (Amendment) Bill

Clause 37

Repeal and re-enactment of section 13B

Section 13B of the principal Act is repealed and the following section substituted therefor:“Voluntary contributions to Fund13B.—

(1)

Without affecting section 7(4), any person may voluntarily pay to the Fund contributions for the benefit of any member of the Fund (including himself or herself), subject to regulations made under section 77(1) and any terms and conditions imposed by the Board.(2) Subject to regulations made under section 77(1), the Board must credit every voluntary contribution under subsection (1) or section 7(4) into an ordinary account, a medisave account or a special account of the member in such manner and at such rate as the Minister may direct.(3) The Minister may give different directions under subsection (2) in respect of different classes of members.”.

Clause 37 — Central Provident Fund (Amendment) Bill