Singapore legislation

Clause 5

of Central Provident Fund (Amendment No. 2) Bill

Clause 5

Amendment of section 9

Section 9 of the principal Act is amended —

(a)

by inserting, immediately after subsection (1), the following subsection:“(1A) Where the amount of the contributions a person is liable to pay under any regulations made pursuant to section 77(1)(e) is not paid within the time prescribed for payment, that person shall be liable to pay interest on that amount for every day the amount remains unpaid at such rate and commencing from such date as may be prescribed.”; and

(b)

by inserting, immediately after the words “subsection (1)” in subsection (2), the words “or (1A)”.

Read in full context — Central Provident Fund (Amendment No. 2) Bill →