Singapore legislation
Regulation 40
of Singapore Armed Forces (Military Domain Experts Service) Regulations 2010
Regulation 40
Unclaimed moneys
Subregulation 1
Where the accounts of any serviceman in the SAVER-Premium Fund have been closed, and no person authorised to withdraw the moneys in those accounts under regulation 38 has applied to so withdraw within 12 months of the date of such closure, such amount shall be accounted for as unclaimed and shall be transferred to the Forfeiture Account of the SAVER-Premium Fund.
Subregulation 2
Where any amount has been transferred to the Forfeiture Account under paragraph (1), the Board shall, upon the application of any person eligible to the whole or part of the amount, authorise withdrawal by that person of the amount due to the applicant as if it had not been transferred out of the serviceman’s account.