Singapore legislation

Regulation 3

of Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 3) Order 2009

Regulation 3

Exemption

Subregulation 1

The Central Provident Fund Board is hereby exempted from the application of section 6 of the Act in respect of —

(a)

the making of a cash payment to any nominee of a specified person of such amount as prescribed by the Central Provident Fund (Workfare Income Supplement Scheme) Regulations (Cap. 36, Rg 36) which the specified person is entitled to receive, subject to the condition that such cash payment is deposited in the bank account of the nominee as designated in the letter of exemption issued by the Minister to the specified person and his nominee in respect of the cash payment; and

(b)

the credit of a relevant contribution of such amount and to such account of the specified person in the Central Provident Fund as prescribed by the Central Provident Fund (Workfare Income Supplement Scheme) Regulations,in each year that the Workfare Income Supplement Scheme is in force.

Subregulation 2

The nominee of a specified person mentioned in sub-paragraph (1)(a) is also exempted from the application of section 6 of the Act in respect of —

(a)

any withdrawal from the bank account so designated in the letter of exemption; and

(b)

the use of the sums withdrawn therefrom,subject to the following conditions:

(i)

except with the prior approval of an officer authorised by the Minister, the sums withdrawn shall only be used to pay for food, clothing, medicines, medical treatment, insurance premiums and such other provisions as are necessary for satisfying the basic domestic needs of the nominee and his family; and

(ii)

no sum so withdrawn may be transferred to any other bank account of the nominee or specified person or any other person.