Singapore legislation
Regulation 34
of Central Provident Fund (Medisave Account Withdrawals) Regulations 2001
Regulation 34
Repayment of excess withdrawal, etc.
Subregulation 1
This regulation applies where, on account of any material change to the information available to the Board or the correction of any error relating to a member or member’s dependant, the Board finds that it has permitted a withdrawal from the member’s medisave account for a long‑term care recipient under section 16B(1) of the Act —
which ought not to have been permitted; or
which is in excess of the amount that it would otherwise have permitted.
Subregulation 2
The Board may require —
any person who received the payment of the withdrawal mentioned in paragraph (1) to repay to the member’s medisave account, all or such part, as the Board may determine, of the amount withdrawn; and
any of the following persons who, for the purposes of the withdrawal mentioned in paragraph (1), provided the inaccurate or incorrect information giving rise to the material change to the information or correction of the error mentioned in paragraph (1), to repay the whole or such part, as the Board may determine, of the interest that would have been payable on the withdrawn amount if the amount had not been so withdrawn:
the member;
the long‑term care recipient;
an approved payee in relation to the amount withdrawn;
an approved person acting on behalf of the member or the long‑term care recipient.
Subregulation 3
Despite paragraph (2), where one or more monthly sums in respect of a long‑term care recipient are to be paid by subsequent withdrawals from the medisave account of the same member, the Board may reduce all or any of the monthly sums so as to restore the equivalent of the amount repayable under paragraph (2) into the same member’s medisave account.
Subregulation 4
The Board may require a person mentioned in paragraph (2)(b) to pay to the whole or such part, determined by the Board, of any reasonable expenses incurred by any of the following persons in recovering a repayment under paragraph (2):
the Board;
any person or group of persons appointed by the Board or the Minister for Health.