Clause 12
Repeal and re-enactment of section 50
of Central Provident Fund (Amendment) Bill
BillNot in forceProvision 12 of 17
Clause 12
Section 50 of the principal Act is repealed and the following section substituted therefor:“Non-application of Insurance Act
50. The Insurance Act (Cap. 142) shall not apply —
(a)
to anything done by the Board under this Part; or
(b)
to the transfer of any of the Board’s liabilities under the Scheme under section 49A(1) or (3).”.