Singapore legislation
Regulation 3
of Central Provident Fund (Prescribed Circumstances under Section 13C) Regulations 2022
Regulation 3
Prescribed circumstance relating to person with property charge that ceased to be in force
Subregulation 1
For the purpose of section 13C of the Act, the Board may permit a person to pay to the Fund contributions for himself or herself if he or she —
applies to the Board to pay to the Fund contributions for himself or herself under section 13C of the Act; and
either —
is the owner of a relevant immovable property on the date of the application mentioned in sub‑paragraph (a); or
has, within the specified period before the date of the application mentioned in sub‑paragraph (a), sold, transferred or otherwise disposed of a relevant immovable property owned by him or her.
Subregulation 2
In this regulation —
Definition
“former provision” means section 21(10)(b), 21A(9)(b) or 21B(11)(b) of the Act as in force before 1 January 2013 (as the case may be), read with section 15(15)(e)(ii) or (iii) of the Act as in force before that date, as the case may be;
Definition
“relevant immovable property”, in relation to a person mentioned in paragraph (1)(b), means any immovable property —
with a property charge on that person’s estate or interest in that immovable property —
under section 21 or 21A of the Act (as in force before 1 January 2013); or
constituted on that immovable property under section 21B of the Act (as in force before 1 January 2013);that ceased to be in force under a former provision; and
that was owned by the person mentioned in paragraph (1)(b) when the property charge mentioned in paragraph (a) was created or constituted and ceased to be in force;
Definition
“specified period” means a period of one month or such longer period as the Board may allow in a particular case.