Singapore legislation
Regulation 41
of Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003
Regulation 41
Unclaimed moneys
Subregulation 1
Where the Retention Account and the Retirement Account of a relevant person have been closed under regulation 39, and any person entitled to apply for withdrawal has not applied to withdraw the moneys in any of those accounts under regulation 39 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 entitled to apply for withdrawal, authorise the withdrawal by such person of the amount due to the relevant person as if it had not been transferred out of the relevant member’s account.