Singapore legislation

Regulation 9

of Central Provident Fund (Approved HDB-HUDC Housing Scheme) Regulations 1987

Regulation 9

No repayment of moneys in certain circumstances

Except as otherwise provided in regulations 11 and 12, where a member —

(a)

has withdrawn any moneys under these Regulations in respect of a property; or

(b)

is required under section 27C(1)(g), 27DA(1)(g), 27DB(2)(c) or 27E(1)(f) of the Act to make a payment to the Fund upon the sale or disposal of a property,then —

(c)

on the death of the member; or

(d)

when the member is entitled to withdraw the amount standing to the member’s credit in the Fund under section 15(2)(b) of the Act or a former provision, and the Board has given its authority under section 15(1) of the Act for such withdrawal,such of the following amounts as may be applicable to the member or, if both amounts are applicable to him or her, the aggregate of both amounts, ceases to be payable to his or her account in the Fund:

(e)

where paragraph (a) applies to the member, all moneys withdrawn by him or her in connection with the purchase of the property (other than any moneys lent to that member under section 14A of the Act in connection with such purchase and withdrawn by that member which have not been repaid), together with the whole or such part (as the Board may determine) of any interest that would have been payable on the moneys if the withdrawal had not been made;

(f)

where paragraph (b) applies to the member, the relevant amount as defined in regulation 11(6).