Singapore legislation
Regulation 22
of Home Affairs Uniformed Services (INVEST Plan) Regulations
Regulation 22
Unclaimed moneys
Subregulation 1
Where the accounts of any member or former INVEST Plan member in the Fund have been closed and no person authorised to withdraw the moneys in those accounts under regulation 19 or 21 has applied to so withdraw within 12 months of the date of such closure, such amount shall be accounted for as unclaimed and shall be transferred to the Provisional Account of the Fund.
Subregulation 2
Where any amount has been transferred to the Provisional Account under paragraph (1), the Board shall, upon the application of any person eligible to the whole amount or any part thereof, authorise withdrawal by that person of the amount due to the applicant as if it had not been transferred out of the member’s or (as the case may be) former INVEST Plan member’s account.