Singapore legislation
Regulation 4A
Regulation 4A
Disapplication of section 132 of Act
Subregulation 1
For the purposes of section 132(1)(c) of the Act, the following types of relevant policies are relevant policies to which section 132 (trust nomination) of the Act shall not apply:
any relevant policy that is a supplementary disability insurance policy;
(aa)[Deleted by S 813/2021 wef 01/11/2021](b)any relevant policy that is a medisave‑approved plan;
any relevant policy purchased using funds from a person’s SRS account under the Supplementary Retirement Scheme.
Subregulation 2
In paragraph (1) —[Deleted by S 813/2021 wef 01/11/2021][Deleted by S 813/2021 wef 01/11/2021][Deleted by S 632/2015 wef 01/11/2015]
Definition
“medisave‑approved plan” has the same meaning as in regulation 2(1) of the MediShield Life Scheme (Private Medical Insurance Scheme) Regulations 2015 (G.N. No. S 623/2015);
Definition
“SRS account” has the same meaning as in section 2(1) of the Income Tax Act 1947;
Definition
“supplementary disability insurance policy” has the meaning given by regulation 2 of the CareShield Life and Long-Term Care (Supplement Scheme) Regulations 2020 (G.N. No. S 850/2020);
Definition
“Supplementary Retirement Scheme” means the Supplementary Retirement Scheme established by regulation 3 of the Income Tax (Supplementary Retirement Scheme) Regulations 2003 (G.N. No. S 30/2003).