Clause 67
Amendment of Education Endowment and Savings Schemes Act
of Central Provident Fund (Amendment) Bill
BillNot in forceProvision 66 of 68
Clause 67
Section 16E of the Education Endowment and Savings Schemes Act is amended by inserting, immediately after subsection (4), the following subsection:“(4A) Every sum transferred under subsection (1), (2) or (4) to a member’s ordinary account maintained under section 13 of the Central Provident Fund Act 1953 is taken to be a cash grant paid into the Fund under section 14(1) of that Act.”.