Singapore legislation

Clause 7

of Central Provident Fund (Amendment) Bill

Clause 7

Amendment of section 18

Section 18 of the principal Act is amended —

(a)

by deleting the word “or” at the end of paragraph (a);

(b)

by deleting the words “or to pay money into his parent’s or spouse’s retirement account.” in paragraph (b) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(c)any person to pay money into his parent’s, grandparent’s or spouse’s retirement account.”; and

(c)

by deleting the section heading and substituting the following section heading:“Provisions relating to maintenance of minimum sum and transfer or payment of moneys into retirement account”.