Singapore legislation
Regulation 21
of Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003
Regulation 21
Authorisation of withdrawals
Subregulation 1
Where a withdrawal from any Retirement Account or Retention Account has been authorised in favour of any person under regulation 14, 19 or 20, the Board shall —
(a)
on the written instruction of that person, credit the amount authorised to be withdrawn to his bank account; or (b)open a savings account with a bank in the name of that person and credit the amount authorised to be withdrawn to the said bank account.
Subregulation 2
Payment may also be made by the Board in such other manner as the Board thinks fit in any particular case or class of cases.