In forceAmended2020 Revised Edition

Contents

Education Endowment and Savings Schemes Act 1992 · 2020 Revised Edition · Part 3 · Withdrawal from Edusave Pupils Fund

13. Conditions for withdrawal from Edusave Pupils Fund

Amended

Last amended by an amending law of 2014.

(1)

Any money standing to the credit of any member of the Edusave Pupils Fund in his or her Edusave account may be withdrawn from that Fund with the authority of the Edusave Scheme Administrator in accordance with this section and section 14.

(2)

Subject to this section, the parent of a member of the Edusave Pupils Fund below 21 years of age, or a member of that Fund who has attained 21 years of age, is entitled to withdraw at any time the sum standing to the member’s credit in his or her Edusave account for the following purposes:

(a)

where the member is schooling, to defray the whole or part of the member’s expenses as may be necessary to enable the member to take part in any enrichment programme approved by the prescribed school or junior college at which the member is schooling;

(b)

for any other prescribed purpose.[12

Terms defined in s 2

Edusave account
Defined · s 2
“Edusave account” means an Edusave account maintained under section 7(3);
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Edusave Pupils Fund
Defined · s 2
“Edusave Pupils Fund” means the Edusave Pupils Fund established under section 7(1);
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Edusave Scheme Administrator
Defined · s 2
“Edusave Scheme Administrator” means the public officer appointed under section 7(2) by the Minister to administer the Edusave Pupils Fund on the Minister’s behalf;
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junior college
Defined · s 2
“junior college”, in relation to a member of the Edusave Pupils Fund, means any of the following which is not a prescribed school:(a)a junior college that is organised and conducted directly by the Government to provide full‑time pre‑university education;(b)a junior college that is established by a person other than the Government and is conducted by a committee of management in receipt of a grant‑in‑aid from the Government to defray the costs and expenses of conducting the junior college to provide full‑time pre‑university education;(c)a centralised institute that provides full‑time pre‑university education;(d)any other educational institution providing full‑time pre‑university education that may be prescribed as a junior college;
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parent
Defined · s 2
“parent” includes a legal guardian;
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prescribed school
Defined · s 2
“prescribed school”, in relation to a member of the Edusave Pupils Fund, means —(a)an institution for providing full-time primary or secondary education, being —(i)a school organised and conducted directly by the Government;(ii)a school specified in any order made under section 3(1) of the School Boards (Incorporation) Act 1990; or(iii)a school that is established by a person other than the Government and is conducted by a committee of management in receipt of a grant‑in‑aid from the Government to defray the costs and expenses of conducting the school; or(b)any other educational institution that may be prescribed as a prescribed school;
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schooling
Defined · s 2
“schooling” means enrolled as a full-time student of a prescribed school or a junior college;
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