Singapore legislation
Regulation 3
of Central Provident Fund (Non-Residential Properties Scheme) Regulations 1986
Regulation 3
Scheme applicable only if application made before 1 July 2006
Subregulation 1
Subject to paragraph (2), unless a member has, before 1 July 2006, made an application for the withdrawal of money under these Regulations in respect of a property, no money standing to the credit of that member in the Fund is to be withdrawn under these Regulations in respect of that property.
Subregulation 2
Where —
a member who is a joint‑owner of a property makes an application, on or after 1 July 2006, for the withdrawal of money under these Regulations in respect of that property;
any other joint‑owner of that property has, before 1 July 2006, made an application for the withdrawal of money under these Regulations in respect of that property; and
the Board has authorised the whole or part of the amount standing to the credit of that other joint‑owner in the Fund to be withdrawn under these Regulations in respect of that property,the Board may, subject to such terms and conditions as it may impose, authorise the whole or part of the amount standing to the credit of that member in the Fund to be withdrawn under these Regulations in respect of that property.