Regulation 13
Transfer to ordinary account of moneys that cannot be restored to living expenses account
of Central Provident Fund Regulations 1987
Subsidiary LegislationIn forceProvision 15 of 23
Regulation 13
Where any amount has been transferred from a member’s living expenses account to the general moneys of the Fund (called in this regulation the transferred amount), the Board may, if the Board is satisfied that any person is entitled to the whole or part of the amount under the Act —
(a)
transfer the transferred amount to the member’s ordinary account; and
(b)
pay the determined interest into the member’s ordinary account.