Central Provident Fund (Amendment) Bill

This Act may be cited as the Central Provident Fund (Amendment) Act 2001 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

Section 59 of the Central Provident Fund Act is amended by inserting, immediately after subsection (5), the following subsections:“(6) The Board may, on the request by an insurer administering or operating an insurance scheme referred to in section 77(1)(ja), give to the insurer information, in the Board’s possession, on any member that the insurer requires for the purpose of administering or operating the insurance scheme, including information relating to the amount standing to his credit in his medisave account.(7) The insurer may not use the information given under subsection (6) for any other purpose except —

Section 77(1) of the Central Provident Fund Act is amended by inserting, immediately after the words “medical insurance scheme” in the 3rd and 4th lines of paragraph (ja), the words “or other insurance scheme”.