Singapore legislation
Regulation 12B
of Central Provident Fund (Retirement Sum Scheme) Regulations 1988
Regulation 12B
Payment from amount retained in retirement account where there is relevant property charge
Subregulation 1
Paragraph (2) applies if, at the time the Board considers a member’s application under that paragraph —
the member has any relevant property charge; (b)the total amount secured by the member’s relevant property charges is equal to or more than the amount to be withdrawn under the member’s application; and
the member satisfies such terms and conditions as the Board may impose.
Subregulation 2
The Board may, on the application of a member, allow the member to withdraw the whole or part of the amount retained in the member’s retirement account under section 15(6C)(a) of the Act.
Subregulation 3
The Board may approve an application under paragraph (2) on such terms and conditions as the Board may impose.