Singapore legislation

Regulation 16

of Central Provident Fund (Approved Housing Schemes) Regulations 1986

Regulation 16

Void or rescinded agreements

Subregulation 1

Subject to paragraph (2), no moneys withdrawn are repayable by the member to the Fund where the withdrawal has been made from the Fund under these Regulations and the agreement relating to the purchase or acquisition of the house or flat in respect of which such withdrawal was made is declared to be void or is rescinded by any court.

Subregulation 2

Where any agreement relating to the purchase or acquisition of a house or flat is declared to be void or is rescinded by a court, and the member is entitled to any moneys arising therefrom, the member must pay such moneys into his or her account in the Fund.