Singapore legislation
Regulation 23
of Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003
Regulation 23
Unclaimed moneys
Subregulation 1
Where the accounts of any member of the 2001 Scheme or former member of the 2001 Scheme in the INVEST Fund have been closed and no person authorised to so withdraw the moneys in those accounts under regulation 19 or 21 has applied to withdraw within 12 months of the date of such closure, such amount shall be accounted for as unclaimed and shall be transferred to the Provisional Account.
Subregulation 2
Where any amount has been transferred to the Provisional Account under paragraph (1), the Board shall, upon the application of any person eligible to the whole amount or any part thereof, authorise the withdrawal by that person of the amount due to the applicant as if it had not been transferred out of the account of the member of the 2001 Scheme or former member of the 2001 Scheme.