Central Provident Fund Act 1953 · 2020 Revised Edition · Part 6A · Workfare Income Supplement Scheme
57DA. Withdrawal from Fund where relevant contribution credited into account of eligible member in certain circumstances
Feedback & supportLast amended by an amending law of 2021. 2 amendments in all.
Despite sections 14(2A), 15(2), (6), (6C) and (7), 15AA(1) and (5) and 27, where the Board has credited a relevant contribution into an eligible member’s account in the Fund (called in this section the contribution amount), the Board may, on the member’s application, permit the member to withdraw an amount determined by the Board —
Board
“Board” means the Central Provident Fund Board constituted under section 3;
from one or more accounts in the Fund as the Board may determine;
in circumstances prescribed by regulations made under section 57F; and
if the member satisfies such requirements as the Board may specify.
An application under subsection (1) must be made within such time as may be prescribed by regulations made under section 57F.
The amount that the Board may permit a member to withdraw under subsection (1) must not exceed the contribution amount.
member
“member of the Fund” or “member” means any person to whose credit any amount is standing in the Fund, or for whom any account in the Fund is maintained for any of the purposes of this Act;