Central Provident Fund (Education Scheme) Regulations 1989

In these Regulations —

For the purposes of section 22 of the Act and these Regulations, “course of study” means a full‑time course of study which —

A member who is an applicable person may apply to the Board to withdraw such portion of the amount standing to the member’s credit in the Fund as may be approved by the Board for the payment of tuition fees for any course of study pursued by the member, the member’s child or the member’s relative at an approved educational institution.

The Board may approve an application under paragraph (1) subject to such terms and conditions as it may impose.

Where an application is made by a member to make withdrawals under these Regulations for the payment of tuition fees for any course of study pursued by the member, the member’s child or the member’s relative at an approved educational institution, the Board must not approve the application unless the member, or the member’s child or relative concerned, gives an undertaking or furnishes a guarantee, or both, to the Board in accordance with section 22(3) of the Act.

The amount which may be withdrawn by a member under paragraph (1) must not exceed the amount of the tuition fees payable by the member, the member’s child or the member’s relative (as the case may be) for a course of study at an approved educational institution.

The Board must, as soon as practicable, cease to make any further withdrawals from the amount standing to the credit of a member in the Fund —

A member may, at any time during the course of study pursued by the member or the member’s child or relative (as the case may be) at an approved educational institution, by written notice inform the Board that the member no longer wishes to make any further withdrawals under these Regulations.

Where a member has made any withdrawal under these Regulations for the member himself or herself, the member’s child or the member’s relative to pursue a course of study at an approved educational institution, the member, or the member’s child or relative (as the case may be) must refund to the account of the member in the Fund the amount so withdrawn including the whole or such part, as the Board may determine, of any interest that would have been payable on that amount if the withdrawal had not been made.

Where a member, the member’s child or the member’s relative is required to refund to the Board to the account of the member in the Fund under paragraph (1) —

A member, the member’s child or the member’s relative is not required to refund to the Board any money withdrawn under these Regulations if the Board is satisfied of the occurrence of any of the following events:

If any of the following charges has been constituted on a member’s immovable property, and the member is not eligible for a waiver of repayment under paragraph (3)(d), the Board may reduce the amount required to be refunded to the account of the member in the Fund under paragraph (1), in whole or in part, up to the amount secured by the charge:

In granting its approval under paragraph (3)(d)(iii), the Board may impose such terms and conditions as it thinks fit.

Where the Board requires a member, the member’s child or the member’s relative to furnish a guarantee by any person under section 22(3)(b) of the Act, the guarantor must —

If a guarantor mentioned in paragraph (1) dies or becomes a bankrupt or is incapacitated at any time before the withdrawals are refunded to the Board under regulation 5(1), the member, the member’s child or the member’s relative (as the case may be) who furnished the guarantee must immediately by written notice inform the Board of the occurrence of the event and, if required by the Board, furnish a guarantee by another person acceptable to the Board.

Despite paragraph (1), the Board may, in any particular case and subject to such terms and conditions as it may impose, waive all or any of the requirements to be satisfied by a guarantor under that paragraph.

Where a member is adjudicated a bankrupt after he or she has made an application to make withdrawals under these Regulations for the payment of tuition fees for any course of study pursued by the member at an approved educational institution, the Board may, despite the member’s bankruptcy, permit the member to make withdrawals for the payment of the tuition fees, subject to any terms and conditions that the Board may impose.

Where a member is an undischarged bankrupt, the Board may permit the member to make withdrawals under these Regulations for the payment of tuition fees for any course of study pursued by the member’s child or relative at an approved educational institution, subject to any terms and conditions that the Board may impose.

Every application by a member for withdrawals under these Regulations must be made in such form and must be supported by such information, evidence and documents as the Board may require.

A member who has made an application for withdrawals under these Regulations is liable to pay any fees or charges in connection with the processing of the application which are of such an amount as may be determined by the Board and must be paid from such withdrawals.

Where the Board requires a member, the member’s child or the member’s relative to furnish to the Board any information, documents or guarantee for any of the purposes under these Regulations, the member, or the member’s child or relative (as the case may be) must comply with the requirement or requirements within such time and in such manner as the Board may specify.