Singapore legislation
Regulation 20
of Central Provident Fund (Approved Housing Schemes) Regulations 1986
Regulation 20
Fees
Subregulation 1
Subject to paragraphs (4) and (5), the fees levied by the Board for rendering services to facilitate withdrawals from the Fund, in a case where the withdrawals are secured by a charge constituted under section 21B of the Act or a continued section 21B(1) charge on a house or an HDB flat, and no progress payments are to be made under the agreement for the purchase or acquisition of the house or flat, are to be —
for arranging the disbursement of moneys withdrawn from the Fund — an amount not exceeding $220 (not inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993);
for arranging the repayment of moneys withdrawn from the Fund and confirming the discharge of the charge earlier constituted — an amount not exceeding $175 (not inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993);
for arranging the disbursement of moneys withdrawn from the Fund and for arranging the repayment of moneys withdrawn from the Fund and confirming the discharge of the charge earlier constituted — an amount not exceeding $350 (not inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993); and
for answering any inquiry on whether a charge is constituted — $21 (inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993).
Subregulation 2
Subject to paragraphs (4) and (5), the fees levied by the Board for rendering services to facilitate withdrawals from the Fund, in a case where the withdrawals are secured by a charge constituted under section 21B of the Act or a continued section 21B(1) charge on a house or an HDB flat, and progress payments are to be made under the agreement for the purchase or acquisition of the house or flat, are to be —
for arranging the disbursement of moneys withdrawn from the Fund — an amount not exceeding $320 (not inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993);
for arranging the repayment of moneys withdrawn from the Fund — an amount not exceeding $175 (not inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993);
for arranging the disbursement of moneys withdrawn from the Fund and for arranging the repayment of moneys withdrawn from the Fund — an amount not exceeding $450 (not inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993); and
for answering any inquiry on whether a charge is constituted — $21 (inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993).
Subregulation 3
Regulation 8 applies to the fees mentioned in paragraph (1)(a) and (2)(a).
Subregulation 4
Where the Housing and Development Board, by its duly authorised officer, acts for the member making the withdrawals, the fee mentioned in paragraph (1)(a) or (2)(a) (whichever is applicable) may be waived by the Board.
Subregulation 5
Where the Housing and Development Board, by its duly authorised officer, acts for the member repaying the moneys withdrawn from the Fund or the other party to whom that member is selling, transferring, assigning or otherwise disposing of his or her house or flat, the fee mentioned in paragraph (1)(b) or (2)(b) (whichever is applicable) may be waived by the Board.