In forceAmended2020 Revised Edition

Contents

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

16. Applications for withdrawal from Edusave Pupils Fund

Amended

Last amended by an amending law of 2014.

(1)

Upon an application to withdraw any sum of money standing to the credit of a member of the Edusave Pupils Fund in the member’s Edusave account for the purposes in section 13(2), the Edusave Scheme Administrator may authorise the payment of any sum that may, under this Act, be withdrawn from the member’s Edusave account —

(a)

in the case of a withdrawal for the purposes in section 13(2)(a), to the prescribed school or junior college at which the member is schooling; and

(b)

in the case of a withdrawal for the purposes in section 13(2)(b), to a person, an educational institution or any other entity that may be determined by the Edusave Scheme Administrator.

(2)

All applications for withdrawal must be supported by such evidence as may be prescribed and by any further evidence that the Edusave Scheme Administrator may reasonably require.[14

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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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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