Clause 25

by deleting paragraph (o) of subsection (1) and substituting the following paragraph:“(o)for the purposes of sections 15(6) and 18(1) and (1A) and, in particular, to prescribe —

the minimum sum referred to in section 15(6)(a), including different minimum sums for different classes of members;

the method of computing the minimum sum; and

the amount of the minimum sum which may be withdrawn, and the manner in which the minimum sum may be withdrawn, after a member has attained the age of 60 years or such other age as may be prescribed;”;

by inserting, immediately before paragraph (p) of subsection (1), the following paragraph:“(oa)for the purposes of section 18(3) and (7) and, in particular, to prescribe —

the method of computing the amount of moneys which may be transferred to or paid into a special account under section 18(3); and

the purposes for which any moneys transferred to or paid into a special account under section 18(3) which may be applied, the amount which may be applied for each such purpose, and the manner in which any such amount may be withdrawn;”;

by deleting the word “and” at the end of subsection (1)(r);

by inserting, immediately after paragraph (r) of subsection (1), the following paragraph:“(ra)for the purposes of Part IIIA and, in particular, to prescribe —

the procedure and requirements for and manner of effecting, and any other matter relating to, the transfer of money standing to the credit of a member to any designated account of his spouse;

the procedure and requirements for and manner of effecting, and any other matter relating to, the payment of money standing to the credit of a member to his spouse;

any matter relating to the transfer (other than by way of sale) of a member’s estate or interest in any immovable property or HDB flat to his spouse pursuant to an order of court;

any matter relating to the transfer of a member’s interest in any investment to his spouse under section 27G; and

any matter relating to the sale of a member’s interest in any investment under section 27H; and”;

by deleting “(6B)” in subsection (2)(c) and substituting “(6B)(a)”; and

by inserting, immediately after “(15)(e)(ii),” in subsection (2)(c), “27D(vi)(B),”.