Singapore legislation
Regulation 2
of Central Provident Fund (Medisave Account Transfers) Regulations 2016
Regulation 2
Definitions
In these Regulations —“authorised member” means a member in respect of whom the Board has given its authority under section 15(1) of the Act for the withdrawal of money standing to the member’s credit in the Fund that the member is entitled to withdraw under section 15AA(1) of the Act or section 15(2)(d), (e), (f) or (g) of the Act as in force before 1 March 2022, as the case may be;“basic healthcare sum” means the amount directed by the Minister under section 13(6) of the Act, in excess of which any amount standing to the credit of a member in the member’s medisave account will be transferred in accordance with these Regulations;“excess amount in a member’s medisave account” means the amount standing to the credit of a member in the member’s medisave account that is in excess of the basic healthcare sum;“prevailing retirement sum” has the meaning given by the Central Provident Fund (Retirement Sum Topping‑Up Scheme) Regulations 1995.
Definition
“authorised member” means a member in respect of whom the Board has given its authority under section 15(1) of the Act for the withdrawal of money standing to the member’s credit in the Fund that the member is entitled to withdraw under section 15AA(1) of the Act or section 15(2)(d), (e), (f) or (g) of the Act as in force before 1 March 2022, as the case may be;
Definition
“basic healthcare sum” means the amount directed by the Minister under section 13(6) of the Act, in excess of which any amount standing to the credit of a member in the member’s medisave account will be transferred in accordance with these Regulations;
Definition
“excess amount in a member’s medisave account” means the amount standing to the credit of a member in the member’s medisave account that is in excess of the basic healthcare sum;
Definition
“prevailing retirement sum” has the meaning given by the Central Provident Fund (Retirement Sum Topping‑Up Scheme) Regulations 1995.