Singapore legislation
Regulation 3
of Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 5) Order 2012
Regulation 3
Exemption of Central Provident Fund Board
The Central Provident Fund Board is hereby exempted from the application of section 6 of the Act in respect of —
the payment in cash by the Board to any nominee of a specified person of such amount of Workfare Special Bonus (being part of the “Grow & Share” package announced by the Government in February 2011) which the specified person is eligible to receive in respect of work done by the specified person for the years 2010, 2011 and 2012, subject to the condition that such cash payment is deposited in the bank account of the nominee as designated in the notice of exemption issued to the specified person and his nominee in respect of the cash payment;
the payment in cash by the Board to any nominee of a specified person of such amount of the Growth Dividend (being part of the “Grow & Share” package announced by the Government in February 2011) which the specified person is eligible to receive, subject to the condition that such cash payment is deposited in the bank account of the nominee as designated in the notice of exemption issued to the specified person and his nominee in respect of the cash payment; and
the credit of a relevant contribution of such amount and to such account of a specified person (who is a self-employed person) in the Central Provident Fund in accordance with the scheme under the Workfare Special Bonus and the CPF Medisave Top-Up Scheme (both schemes being part of the “Grow & Share” package announced by the Government in February 2011).