Suggest a correction

No repayment of moneys in certain circumstances

Central Provident Fund (Approved Housing Schemes) Regulations 1986

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Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

—(1) Except as otherwise provided in paragraph (2) and regulations 13, 14 and 14A, where a member —(a)has withdrawn any moneys under these Regulations in respect of a house or flat; or(b)is required under section 27D(1)(h), 27DA(1)(g), 27DB(2)(c) or 27F(1)(f) of the Act to make a payment to the Fund upon the sale or disposal of a house or flat,then —(c)on the death of the member; or(d)when the member is entitled to withdraw the amount standing to the member’s credit in the Fund under section 15(2)(b) of the Act or a former provision, and the Board has given its authority under section 15(1) of the Act for such withdrawal,such of the following amounts as may be applicable to the member or, if both amounts are applicable to him or her, the aggregate of both amounts, ceases to be payable to his or her account in the Fund:(e)if sub-paragraph (a) applies to the member, all moneys withdrawn by him or her under these Regulations in respect of the house or flat (other than any moneys lent to that member under section 14A of the Act in connection with the purchase or acquisition of that house or flat and withdrawn by that member under regulation 4A which have not been repaid), together with the whole or such part (as the Board may determine) of any interest that would have been payable on the moneys if the withdrawal had not been made;(f)if sub-paragraph (b) applies to the member, the relevant amount.(2) Where a person has, on or after 1 January 1994 and pursuant to regulation 7, withdrawn a cash grant made under an approved scheme administered by the Ministry of Social and Family Development, the cash grant withdrawn from the Fund plus interest remains payable to the Board if the person, before attaining 45 years of age, has committed a breach of any of the terms and conditions of the cash grant and the Minister for Social and Family Development, or an officer duly authorised by him or her, has not waived the breach in writing.

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