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Repayment of moneys withdrawn and paid under section 67D(1) of Act

Central Provident Fund (Medisave Account Withdrawals) Regulations 2001

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For the purposes of section 67D(1) of the Act, a withdrawal from a member’s medisave account or payment by the Board of the amount withdrawn (as the case may be) is not in compliance with this Part if —(a)the application for withdrawal was submitted by a Medisave healthcare provider in contravention of regulation 3(2)(d) of the Central Provident Fund (Financial Penalties) Regulations 2016;(b)where the Board imposes any terms and conditions under regulation 3 when authorising the withdrawal, any of the terms or conditions are breached in relation to the withdrawal;(c)any of the terms and conditions required by the Board under section 67B(2) of the Act, in relation to an application for the withdrawal, are breached by the Medisave healthcare provider;(d)the amount withdrawn or paid exceeds the amount permitted to be withdrawn or used for payment under this Part for the medical treatment, psychiatric treatment or approved rehabilitation treatment received by the member or member’s dependant, as the case may be; or(e)the withdrawal is authorised or the withdrawn amount is paid on the basis of inaccurate or misleading information.

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