Clause 4

by deleting paragraph (i) of the proviso and substituting the following paragraphs:“(i)a deduction for any such contributions for any period commencing on or after 1st April 1986 by the employer in respect of the employee shall not exceed the prescribed amount; and in this paragraph “prescribed amount” means the amount of contributions prescribed to be payable by the employer in respect of the employee under the Central Provident Fund Act (Cap. 121) which is not recoverable from the employee, and in relation to any fund or society other than the Central Provident Fund the equivalent amount that would have been so payable if the contributions had been made to the Central Provident Fund;

where the employer has made such contributions to more than one approved fund or society, the total deduction shall not exceed the prescribed amount in respect of one fund;”; and

by renumbering the existing paragraph (ii) of the proviso as paragraph (iii).