Singapore legislation

Clause 21

of Central Provident Fund (Amendment) Bill

Clause 21

Amendment of section 39

In the principal Act, in section 39 —

(a)

after paragraph (a), insert —“(aa)provide for the maximum amount of premium loading payable by members;”;

(b)

in paragraph (b), after “premiums”, insert “and premium loading”; and

(c)

replace paragraph (f) with —“(f)provide the circumstances for the refund of any premium or premium loading (and the whole or such part, as the Board may determine, of any interest that would have been payable on the amount of the premium or premium loading if that amount had been standing to a person’s credit in the person’s account in the Fund), and the manner and rate of such refunds;”.

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