In forceAmended2020 Revised Edition

Contents

Central Provident Fund Act 1953 · 2020 Revised Edition · Part 7 · Offences, Penalties and Proceedings

58B. False application for purposes of sections 16B and 16C

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Amended

Last amended by an amending law of 2019.

(1)

A person commits an offence if the person —

(a)

makes, or assists in the making of an application for purposes of section 16B or 16C which is false or misleading in a material particular, knowing that the application is false or misleading in a material particular;

(b)

omits any matter or thing without which the application for purposes of section 16B or 16C is misleading in a material particular, knowing that the omission makes the application misleading; or

(c)

provides any information for purposes of section 16B or 16C which is false or misleading in a material particular, knowing that the information provided —

(i)

is false or misleading in a material particular; and

(ii)

may be included in an application for purposes of section 16B or 16C.

(2)

A person who is guilty of an offence under subsection (1) shall be liable on conviction —

(a)

in the case of an individual — to a penalty equal to the relevant amount; or

(b)

in any other case — to a penalty equal to 5 times the relevant amount.

(3)

A person who commits an offence under subsection (1), with the intention of causing the Board to permit a withdrawal under section 16B or 16C which the Board would otherwise not permit, shall be guilty of an offence and shall be liable on conviction —

(a)

in the case of an individual —

(i)

to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 12 months or to both; and

(ii)

in addition, to a penalty equal to 2 times the relevant amount; or

(b)

in any other case —

(i)

to a fine not exceeding $10,000; and

(ii)

in addition, to a penalty equal to 4 times the relevant amount.

(4)

In this section, “relevant amount” means the amount withdrawn from the medisave account under section 16B or 16C as a result of the offence, or that would have been so withdrawn if the false or misleading declaration or application (as the case may be) had been accepted as correct.