Singapore legislation
Regulation 18
Regulation 18
Manner of payment of amount authorised to be withdrawn
Subregulation 1
Unless otherwise provided in the Central Provident Fund (Retirement Sum Scheme) Regulations 1988, the Central Provident Fund (Retirement Sum Topping-Up Scheme) Regulations 1995, the Central Provident Fund (Revised Retirement Sum Scheme) Regulations 1995 or the Central Provident Fund (New Retirement Sum Scheme) Regulations 2004, where a withdrawal from the Fund has been authorised in favour of any person (called in this rule the relevant person) under section 15, 15AA or 15AB of the Act, the Board must pay the amount authorised to be withdrawn —
in any case where the relevant person has authorised any other person (by a duly executed power of attorney or by such other method as the Board may approve) to receive that amount on behalf of the relevant person —
into that other person’s account with a bank, if the relevant person has applied, and the Board has approved the relevant person’s application, for the amount to be paid into that bank account; or
where the relevant person has not made an application under sub‑paragraph (i), to that other person in any other manner that the Board thinks fit; or
in any other case —
into the relevant person’s account with a bank, if the relevant person has applied, and the Board has approved the relevant person’s application, for the amount to be paid into that bank account; or
where the relevant person has not made an application under sub‑paragraph (i), to the relevant person in any other manner that the Board thinks fit.
Subregulation 2
Where the relevant person has authorised any other person in accordance with paragraph (1)(a) to receive the amount mentioned in paragraph (1), and the Board has paid that amount to that other person in accordance with paragraph (1)(a), the receipt by that other person of that amount is to be treated as the receipt by the relevant person of that amount.