Central Provident Fund Act(CHAPTER 36)
Table of Contents
Long Title
Part I PRELIMINARY
1 Short title
2 Interpretation
3 Establishment and constitution of Central Provident Fund Board
4 Membership of Board
5 Appointment of inspectors
5A Budget
Part II CONTRIBUTIONS TO FUND
6 Establishment of Central Provident Fund
7 Rates of contributions
8 Agreement by statutory body to pay excess contributions deemed void
9 Payment of interest on contributions in arrears
10 Expenses
11 Financial provisions
12 Contributions to be paid into Fund
13 Crediting of contributions into subsidiary accounts
13A Power to impose conditions relating to contributions by self-employed persons
14 Payment of cash grant by Government into Fund
Part III WITHDRAWAL OF CONTRIBUTIONS
15 Authorisation and conditions for withdrawal from Fund
16 Restrictions on withdrawal from medisave account
17 Withdrawal from special account for payment of housing loan
18 Transfer of member’s moneys in Fund to parent’s or spouse’s retirement account, etc.
18A Transfer of member’s moneys in ordinary account to retirement account
19 Moneys transferred to parent’s or spouse’s retirement account to be credited to member’s account on death of parent or spouse
20 Withdrawals
21 Charge on immovable property to secure repayment of withdrawals from Fund
21A Registration of charge on immovable property to secure repayment of withdrawals from Fund before 1st June 1981
22 Withdrawals for payment of tuition fees at approved tertiary institution
23 Regulations for purposes of section 22
24 Protection of benefits
25 Moneys payable on death of member
26 Power of Board to distribute and dispose of certain shares on death of member
27 Withdrawals by undischarged bankrupts
28 Nomination to be revoked by marriage
Part IV HOME PROTECTION INSURANCE SCHEME
29 Interpretation of this Part
30 Establishment of Home Protection Insurance Scheme
31 Medical condition of member of Scheme
32 Premium
33 Establishment of Home Protection Fund
34 Premium when due
35 Period of cover
36 Amount payable by Board to Housing Authority or approved mortgagee on death or incapacity of member of Scheme
37 Housing Authority or approved mortgagee to send notice to Board on payment of premium
38 Non-application of Insurance Act
39 Regulations for purposes of this Part
Part V DEPENDANTS’ PROTECTION INSURANCE SCHEME
40 Interpretation of this Part
41 Establishment of Dependants’ Protection Insurance Scheme
42 Persons insured under Scheme
43 Board may cancel insurance cover
44 Board may require insured person to furnish information
45 Premium
46 Establishment of Dependants’ Protection Insurance Fund
47 Period of cover
48 Cover of insured person where contribution to his account in Fund is not paid
49 Amount payable on death or incapacity of insured person
50 Non-application of Insurance Act
51 Regulations for purposes of this Part
Part VI MEDISHIELD SCHEME
52 Interpretation of this Part
53 Establishment of MediShield Scheme
54 Premium
55 General obligation of insured person to furnish information
56 Establishment of MediShield Fund
57 Regulations for purposes of this Part
Part VII OFFENCES, PENALTIES AND PROCEEDINGS
58 Offences
59 Publication of information to unauthorised person
60 Offences by corporations
61 Penalties
62 Sanction for prosecution
63 Composition of offences
64 Saving of proceedings under other laws
65 Recovery of sums due to Fund
66 Certificate of authorised officer to be evidence
67 Conduct of prosecutions
Part VIII MISCELLANEOUS
68 Protection of employee’s interest in execution proceedings and sale under mortgage or charge
69 Power to exempt
70 Approved employees’ schemes
71 Transfers between approved employees’ schemes and Fund
72 Refund of contributions to Government
73 Transfer to Fund from private provident fund
74 Refund of contributions paid in error
75 Refund of excess contributions on additional wages
76 Board may engage in activities not directly related to Fund and may call for information
77 Regulations and rules
78 Regulations and rules to be presented to Parliament
79 Reciprocal agreements
Legislative History