Singapore legislation
Regulation 5A
of Central Provident Fund (Revised Retirement Sum Scheme) Regulations 1995
Regulation 5A
Transfer to retirement account of payment in relation to charge or undertaking in respect of immovable property
Subregulation 1
Where any payment in relation to any charge or undertaking in respect of immovable property is paid into a member’s account in the Fund in accordance with regulation 14A(1) or (2) or the relevant Regulations, the Board must transfer to the member’s retirement account, towards the maintenance of the retirement sum, the lower of the following:
the shortfall in the retirement sum applicable to the member;
the amount paid.
Subregulation 2
In this regulation, “relevant Regulations” means any of the following Regulations as may be applicable in a particular case:
the Central Provident Fund (Approved Middle‑Income Housing Scheme) Regulations 1975;
the Central Provident Fund (Residential Properties Scheme) Regulations 1982;
the Central Provident Fund (Non‑Residential Properties Scheme) Regulations 1986;
the Central Provident Fund (Approved Housing Schemes) Regulations 1986;
the Central Provident Fund (Ministry of Defence Housing Scheme) Regulations;
the Central Provident Fund (Approved HDB‑HUDC Housing Scheme) Regulations 1987.