Singapore legislation
Regulation 6
Regulation 6
Release of money from Project Account
The bank or finance company with whom the Project Account is maintained shall not release any money from the Project Account —
(a)
for the purpose mentioned in paragraph (e) or (i) of rule 5 unless the request for the release of that money is supported by a certificate from the qualified person in charge of the building project stating that payment is due to be made for that purpose; and
(b)
for the purpose mentioned in any of the other paragraphs of rule 5, unless the request for the release of that money is supported by documentary proof that payment is due to be made for that purpose.