Singapore legislation

Clause 18

of Central Provident Fund (Amendment) Bill

Clause 18

Amendment of section 29

In the principal Act, in section 29 —

(a)

in subsection (5)(a), delete “and” at the end;

(b)

in subsection (5), after paragraph (a), insert —“(aa)any member who is not a citizen or permanent resident of Singapore at the time the member is required to join the Scheme; and”;

(c)

in subsection (7), after “The Board may”, insert “, subject to such terms, conditions and restrictions as the Board may impose,”; and

(d)

after subsection (7), insert —“(8) Where the Board is satisfied that a member of the Scheme is not a citizen or permanent resident of Singapore, the member’s cover under the Scheme is deemed to be terminated at the time prescribed by regulations made under section 39.(9) The time prescribed for the termination under subsection (8) may differ for different classes of members.”.