Clause 7

No sum of money standing to the credit of a member of the Fund may be withdrawn from the Fund except with the authority of the Board and, subject to the provisions of subsection (6) of section 14 of this Ordinance and of any regulations and rules made under section 25 of this Ordinance, such authority shall not be given except on the application of a person entitled to withdraw such money from the Fund under the provisions of subsections (2) and (3) of this section.(2) A member of the Fund, or a committee of his person or of his estate appointed under the provisions of the Mental Disorders and Treatment Ordinance (Cap. 145), shall be entitled to withdraw the sum standing to the credit of such member in the Fund at any time after the Board is satisfied that such member —

has attained the age of fifty-five years; or

not being a citizen of Singapore, has left or is about to leave Malaya permanently with no intention to return thereto; or

is physically or mentally incapacitated from ever continuing in any employment; or

is found to be of unsound mind:Provided that a member of the Fund shall not be entitled to withdraw from the Fund more than once in any period of five years.(3) After the death of a member of the Fund a person nominated by such member in accordance with the provisions of subsection (5) of section 14 of this Ordinance shall be entitled to withdraw such portion of the sum standing to the credit of such member in the Fund as is set out in the memorandum executed in accordance with that subsection.”.