Singapore legislation

Clause 21

of Central Provident Fund (Amendment) Bill

Clause 21

Amendment of section 59

In the principal Act, in section 59, after subsection (9), insert —“(10) Where the Board has been notified of a member’s death, the Board may, in the course of performing its functions under section 25 or 25A in relation to any amount payable on the member’s death, or performing its functions under section 26 or 26A in relation to any vested shares or designated shares payments, disclose the information relating to the deceased member as set out in subsection (11) to any of the following persons, as the case may be:

(a)

any person the Board has reason to believe is entitled to receive an amount payable out of the Fund on the deceased member’s death under a memorandum executed under section 25(1);

(b)

any person who may be entitled to receive an amount payable on the deceased member’s death in accordance with section 25A(1), on the assumption that no person has been nominated by the deceased member under section 25(1);

(c)

any other persons as may be prescribed in regulations made under section 77(1).(11) The Board may disclose the information relating to the following under subsection (10):

(a)

the member’s accounts in the Fund;

(b)

the memorandum executed under section 25(1);

(c)

any other information as may be prescribed in regulations made under section 77(1).”.

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