Singapore legislation

Regulation 20

of Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003

Regulation 20

Persons authorised to withdraw

Amended byS 403/2019 wef 01/05/2019S 607/2023 wef 01/09/2023S 403/2019 wef 01/05/2019S 607/2023 wef 31/12/2021S 607/2023 wef 01/09/2023S 607/2023 wef 01/09/2023

Subregulation 1

Amended byS 403/2019 wef 01/05/2019S 607/2023 wef 01/09/2023

Subject to paragraph (2), the persons mentioned in paragraph (1A) are entitled to apply to withdraw the sums standing to the credit of a member of the 2001 Scheme in the INVEST Fund which are payable under these Regulations in respect of the member, where the member —

(a)

retires from the service on any ground specified in regulation 11;

(b)

resigns from the service; or

(c)

transfers from the service on or after 1 May 2019 under regulation 19 to another scheme of service in the public service except the Administrative Service.

Subregulation 1A

Amended byS 403/2019 wef 01/05/2019S 607/2023 wef 31/12/2021S 607/2023 wef 01/09/2023

The persons entitled under paragraph (1) to apply to withdraw the sums standing to the credit of the member of the 2001 Scheme are —

(a)

the member; or

(b)

where the member lacks capacity within the meaning of section 4 of the Mental Capacity Act 2008 —

(i)

a deputy appointed or deemed to be appointed for the member by the court under that Act with power in relation to the member for the purposes of these Regulations; or

(ii)

a donee under a lasting power of attorney registered under that Act with power in relation to the member for the purposes of these Regulations.

Subregulation 2

Amended byS 607/2023 wef 01/09/2023

After the death of a member of the 2001 Scheme or a former member of the 2001 Scheme, the personal representative of the member or former member, as the case may be, shall be entitled to apply to withdraw the amount of moneys standing to the credit of the member or (as the case may be) former member in the INVEST Fund which are payable under these Regulations in respect of that member or former member.