Singapore legislation
Regulation 9
of Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations
Regulation 9
Application for withdrawal or transfer of moneys from PSE account
Subregulation 1
Every application for the withdrawal or transfer of moneys from a member’s PSE account shall be made to the PSE Scheme Administrator in such form as may be required by the PSE Scheme Administrator.
Subregulation 2
An application may be a standing order for withdrawals to pay the fees or charges mentioned in section 22(2)(a) of the Act or regulation 6(1)(a) and selected in the application form, whenever they become payable.
Subregulation 3
The member’s parent, or, where the member is at least 21 years old, the member, may by written notice to the PSE Scheme Administrator request the cancellation of a standing order.
Subregulation 4
A withdrawal under a standing order must not be made after the PSE Scheme Administrator has cancelled the standing order.