Regulation 23

breaches any provision of the Act or these Regulations; or

makes a false representation or furnishes any false information,in connection with the use, transfer or withdrawal of any amount standing to the credit of the member in the member’s retirement account under section 15(6C) of the Act, the member must do all or any of the following, as the Board may require:

refund that amount to the member’s retirement account;

surrender any approved annuity purchased with the whole or part of that amount and refund the amount representing the surrender value of the approved annuity to the member’s retirement account;

pay to the member’s retirement account the whole or such part as the Board may determine of the interest that would have been payable on that amount if the amount had not been so used, transferred or withdrawn.