Singapore legislation
Clause 7
Clause 7
Repeal and re-enactment of section 17
Section 17 of the principal Act is repealed and the following section substituted therefor:“Withdrawal from special account for loan, etc.
17. The Board may allow a member to withdraw the whole or part of the moneys standing to his credit in his special account for all or any of the following purposes:
for the payment of any loan taken by him for the purchase of any immovable property by the member in accordance with any regulations made under section 77;
for the payment of improvement contributions due to the Housing and Development Board in respect of upgrading works carried out under Part IVA of the Housing and Development Act (Cap. 129), including the payment of such costs, fees or other incidental expenses arising from the upgrading works as are authorised by any regulations made under section 77.”.