Singapore legislation

Regulation 4

of Central Provident Fund (Education Scheme) Regulations 1989

Regulation 4

Stoppage of withdrawal

Subregulation 1

The Board must, as soon as practicable, cease to make any further withdrawals from the amount standing to the credit of a member in the Fund —

(a)

upon the Board being satisfied that the member is not an applicable person;

(b)

if the application under regulation 3(1) is approved on or after 1 April 2024 — upon the Board being satisfied that the member’s child or relative (as the case may be) is not an applicable person, unless the Board is satisfied that there is good cause to allow further withdrawals in a particular case; or

(c)

on receipt of a notice under paragraph (2).

Subregulation 2

A member may, at any time during the course of study pursued by the member or the member’s child or relative (as the case may be) at an approved educational institution, by written notice inform the Board that the member no longer wishes to make any further withdrawals under these Regulations.