Singapore legislation
Regulation 5
Regulation 5
Application for membership of Scheme
Subregulation 2
[Deleted by S 769/2005 wef 05/12/2005]
Subregulation 3
A parent of a child who wishes to participate in the Scheme shall, on or before 31st December in the year in which the relevant anniversary of the date of birth of the child falls —
make an application for the child to be a member, or a co-savings member, of the Scheme in such form as the Director may provide;
nominate a person to be the trustee of any Child Development Account which may be opened for the child; and
together with that person (if that person is not a parent of the child), undertake to comply with such terms and conditions as the Director may impose with respect to the membership of the Scheme.
Subregulation 3A
The application shall be accompanied by an application by the person nominated as a trustee referred to in paragraph (3)(b) to the managing agent of his choice to open a Child Development Account for the child.
Subregulation 3B
The application to the managing agent under paragraph (3A) shall be in such form as the managing agent may provide.
Subregulation 3C
Despite paragraph (3), where the parents of a child are not lawfully married to each other at the time of the application, only the parent who has care and control of the child may make the application for the child to be a co‑savings member of the Scheme.
Subregulation 4
Upon receiving the application for membership, the Director shall —
determine the eligibility of the child to be a member, or a co-savings member, of the Scheme; and
notify the parent of his determination.
Subregulation 4A
When the Director has determined that a child is eligible to be a member, or a co-savings member, of the Scheme —
the child shall be treated as a member or a co-savings member, as the case may be; and
the Director shall immediately forward the application to the managing agent referred to in paragraph (3A).
Subregulation 5
All contributions paid by the Government under regulation 6(2), all Child Development Credits and Cash Grants paid by the Government under regulation 6B and all withdrawals authorised under regulation 9 shall be subject to these Regulations and the terms and conditions referred to in paragraph (3)(c).
Subregulation 6
The Director may, by notice in writing, amend any of the terms and conditions referred to in paragraph (3)(c).
Subregulation 7
If any parent of a member or the trustee of the member’s Child Development Account contravenes any provision of these Regulations or breaches any of the terms and conditions of membership referred to in paragraph (3)(c), the Director may, without prejudice to any penalty prescribed under the Act or any other remedy the Government may have in respect of such contravention or breach, do all or any of the following:
suspend or terminate the Child Development Account of the member;
in the case of a co-savings member, notwithstanding regulation 6(2), cease all further contributions payable to the member under regulation 6(2);
(ba)notwithstanding regulation 6B, cease every further payment of the Child Development Credit or Cash Grant, as the case may be to the member under that regulation;
revoke the member’s membership of the Scheme.
Subregulation 8
In this regulation, “relevant anniversary”, in relation to a child born on or after 1 January 2009, means the twelfth anniversary.