Singapore legislation
Regulation 6B
of Central Provident Fund (Workfare Income Supplement Scheme) Regulations 2007
Regulation 6B
Withdrawal under section 57DA(1) of Act
Subregulation 1
For the purposes of section 57DA(1)(b) of the Act, the Board may permit a withdrawal by a member under that section if the contribution amount mentioned in that section is —
an additional relevant contribution credited to the member’s account in the Fund under regulation 5(2), 6(2) or 6A(2); or
an amount earlier withdrawn by the member under section 57DA(1) of the Act that has been restored to the member’s account in the Fund under regulation 8(1).
Subregulation 2
For the purposes of section 57DA(2) of the Act, the prescribed time for a member’s application to the Board under section 57DA(1) of the Act is as follows:
where the application concerns an additional relevant contribution mentioned in paragraph (1)(a) — within 2 years after the date the additional relevant contribution is credited;
where the application concerns an amount restored under regulation 8(1), as mentioned in paragraph (1)(b) — within 2 years after the date the amount is restored to the member’s account in the Fund.
Subregulation 3
Where the Board permits the withdrawal by a member under section 57DA(1) of the Act, the Board may —
retain in the member’s account in the Fund, the whole or part of any interest earned on the amount permitted to be withdrawn; or
transfer to the general moneys of the Fund, the whole or part of any interest earned on the amount permitted to be withdrawn.