Singapore legislation
Regulation 29A
of Central Provident Fund (Residential Properties Scheme) Regulations 1982
Regulation 29A
Undischarged bankrupts
Subregulation 1
Despite section 27(1) of the Act, the Board may permit a member who is an undischarged bankrupt to withdraw money under these Regulations —
in relation to a residential property owned by the member, if the Official Assignee’s consent has been obtained to make an application to the Board to withdraw money under these Regulations; or
in relation to a residential property to be purchased or acquired by the member, if the Official Assignee’s consent has been obtained to purchase or acquire that residential property.
Subregulation 2
Where a member is adjudicated a bankrupt after making an application to withdraw money under these Regulations, the consent of the Official Assignee need not be obtained for the purposes of paragraph (1) unless the Board so requires before the money has been withdrawn.
Subregulation 3
Any withdrawal under paragraph (1) is subject to terms and conditions that the Board may impose.