Central Provident Fund Act

(CHAPTER 36)

(Original Enactment: Ordinance 34 of 1953)

REVISED EDITION 2013

(30th June 2013)

An Act to make provision for the establishment of the Central Provident Fund Board and a central provident fund.

[1st July 1955]

PART I

PRELIMINARY

Short title

1. This Act may be cited as the Central Provident Fund Act.

Interpretation

2.—(1) In this Act, unless the context otherwise requires —

“additional interest” means the interest referred to in section 6(4B);

“approved corporation” means any company which —

(a)

is incorporated in Singapore;

(b)

is —

(i)	wholly or partly owned by the Government;
(ii)	a subsidiary of a company wholly or partly owned by the Government; or
(iii)	a subsidiary of a statutory board; and

(c)

is approved by the Minister;

“Board” means the Central Provident Fund Board constituted under section 3;

“contract” means any contract, whether written or oral, and whether express or implied;

“employed” means engaged under a contract of service or apprenticeship or in an employment in respect of which contributions are payable under regulations made under section 77;

“employee” means any person who —

(a)

is employed in Singapore by an employer otherwise than as a master, a seaman or an apprentice in any vessel; or

(b)

being a citizen of Singapore is employed —

(i)	as a master, a seaman or an apprentice in any vessel, the owners of which have not been exempted from the provisions of this Act; and
(ii)	under a contract of service or other agreement entered into in Singapore;

“employer” means —

(a)	any person, company, association or body of persons, whether or not incorporated, by whom an employee is employed;
(b)	the owners of any vessel on which an employee is employed;
(c)	any manager, agent or person responsible for the payment of wages to an employee on behalf of an employer; and
(d)	the Government in respect of such categories, classes or descriptions of officers or employees of such Government as may from time to time be declared by the President by notification in the Gazette to be employees for the purposes of this Act;

“flat” means a horizontal stratum of any building or part thereof, whether the stratum or part is on one or more levels or is partially or wholly below the surface of the ground;

“Fund” means the Central Provident Fund established under section 6;

“general moneys of the Fund” means the moneys of the Fund (whether or not standing to the credit of any member in the Fund) that are not accounted for in any subsidiary account maintained for a member in respect of the money standing to his credit in the Fund;

“HDB flat” means any flat, house or other building sold under Part IV or IVB of the Housing and Development Act (Cap. 129) which has been acquired by the present owner thereof whether directly from the Housing and Development Board or otherwise;

“Housing and Development Board” means the Housing and Development Board constituted under the Housing and Development Act;

“immovable property” includes —

(a)	any estate or interest in land comprising a building or flat which is erected or to be erected on the land;
(b)	any undivided share in any estate or interest in land comprising several flats erected or to be erected thereon;

“inspector” means an inspector appointed under section 5(1);

“interest in land” means any interest in land recognised as such by law, and includes an estate in land;

“land” includes land, freehold or leasehold, or of whatever tenure, whether or not held apart from the surface, and buildings or parts thereof (whether completed or otherwise and whether divided horizontally, vertically or in any other manner), and tenements and hereditaments, corporeal or incorporeal;

“Lifelong Income Fund” means the Lifelong Income Fund established and maintained by the Board under section 27N;

“master” and “seaman” have the same meanings respectively assigned to them in the Merchant Shipping Act (Cap. 179);

“medisave account” means a medisave account maintained under section 13;

“MediShield Life Scheme” means the MediShield Life Scheme referred to in section 3 of the MediShield Life Scheme Act 2015;

[Act 4 of 2015 wef 01/11/2015]

“member of the Fund” or “member” means any person to whose credit any amount is standing in the Fund, or for whom any account in the Fund is maintained for any of the purposes of this Act;

[Act 6 of 2016 wef 01/05/2016]

[Deleted by Act 26 of 2016 wef 01/01/2017]

“nominee account” means any nominee ordinary account, nominee medisave account, nominee special account or nominee retirement account maintained for a deceased member under section 20(1D);

“ordinary account” means an ordinary account maintained under section 13;

“prescribed age” means such age of a member as the Minister may prescribe by regulations made under section 77(1), and the Minister may prescribe different ages for different purposes and in respect of different classes of members;

“relevant individual” means such individual as the Minister may prescribe by regulations made under section 77(1) for the purposes of section 18(1)(a), (2)(a) and (3)(a), and the Minister may prescribe different individuals in different regulations for different purposes;

“reserved amount”, in relation to a member, means such reserved amount referred to in section 15(2A)(c), (6)(c), (7B)(c) or (8A)(c) as may be applicable to the member;

[Act 24 of 2013 wef 01/06/2014]

“retirement account” means a retirement account —

(a)	maintained for the crediting, transfer and payment to the account of moneys or contributions in accordance with this Act; and
(b)	from which withdrawals, transfers and deductions may be made in accordance with this Act; [Act 6 of 2016 wef 01/05/2016]

“retirement sum”, in relation to a member, means any of the following as may be applicable:

(a)	the retirement sum mentioned in section 15(6)(a) that is applicable to the member;
(b)	the minimum sum mentioned in section 15(6)(a), as in force immediately before the date of commencement of section 5(g) of the Central Provident Fund (Amendment No. 2) Act 2016, that is applicable to the member; [Act 26 of 2016 wef 01/01/2017]

“securities account” means a securities account with the Central Depository (Pte) Limited;

“self-employed person” has the meaning given to it in any regulations made under section 77(1)(e);

[Act 6 of 2016 wef 01/05/2016]

“shares” includes warrants, transferable subscription rights, options to subscribe for shares, convertibles and other security interests arising from or accruing or attaching to the shares;

“special account” means a special account maintained under section 13;

“Town Council” means a Town Council established under the Town Councils Act (Cap. 329A);

“wages” means the remuneration in money, including any bonus, due or granted to a person in respect of his employment but does not include such payments as the Minister may, by notification in the Gazette, specify.

[19/83; 32/84; 16/86; 5/87; 10/94; 30/98; 39/2000; 40/2007; 57/2007; 25/2008; 18/2009; 22/2010; 20/2011; 23/2012]

(1AA) In this Act —

(a)	a reference to the former section 15(6C)(b) is a reference to section 15(6C)(b), as in force immediately before the date of commencement of section 9(1) of the Central Provident Fund (Amendment) Act 2016; and
(b)	a reference to an amount referred to in section 15(6C)(a) is a reference to an amount deposited with an approved bank or retained in the member’s retirement account under that section or the former section 15(6C)(b). [Act 6 of 2016 wef 01/01/2017]

(1A) For the purposes of this Act, unless the context otherwise requires or any regulations made under section 77(1)(a) provide otherwise —

(a)	an individual attains a particular age expressed in years on the corresponding anniversary of the date of that individual’s birth; and
(b)	despite paragraph (a), where an individual was born on 29 February in any year, then, in any subsequent year that is not a leap year, the anniversary of that individual’s birth is deemed to occur on 1 March of that subsequent year. [Act 26 of 2016 wef 01/01/2018]

(1B) For the purposes of this Act, a member’s accounts in the Fund shall be deemed to be dormant if, and with effect from the date on which, all of the following requirements are satisfied:

(a)	the member has attained, or is deemed to have attained, such age as may be prescribed in any regulations made under section 77(1) for the purposes of this subsection (referred to in this subsection as the relevant regulations);
(b)	there exist such circumstances as may be prescribed in the relevant regulations;
(c)	the Board has notified the member, in such manner as may be prescribed in the relevant regulations, that he is required to satisfy the Board that he is still alive; and
(d)	the member fails to do so in accordance with the relevant regulations. [22/2010]

(1C) When calculating the age of a member for the purposes of subsection (1B), the following provisions shall apply:

(a)

where the day of the month on which the member was born cannot be ascertained, he shall be deemed to be born on the first day of the month in which he was born;

(b)

where the month in which the member was born cannot be ascertained, he shall be deemed to be born in January; and

(c)

where the year in which the member was born cannot be ascertained, he shall be deemed to have attained the age of 20 years —

(i)	on the date of his last known contribution to the Fund; or
(ii)	if that date cannot be readily ascertained, on 1st January 1970. [22/2010]

(2) [Deleted by Act 6 of 2016 wef 01/05/2016]

(3) In this Act, unless the context otherwise requires, where a person referred to in subsection (4)(a) lacks capacity within the meaning of section 4 of the Mental Capacity Act (Cap. 177A) —

(a)

any thing which the person might have done, or which would have applied to him, under any provision referred to in subsection (4)(b), if he had such capacity, and any thing which would have applied to him in any event under any provision referred to in subsection (4)(b), may likewise be done by, or will likewise apply to, a deputy appointed or deemed to be appointed for the person by the court under the Mental Capacity Act with power in relation to the person for the purposes of this Act; and

[Act 27 of 2014 wef 01/10/2014]

(b)

any thing which the person might have done, or which would have applied to him, under any provision referred to in subsection (4)(c), if he had such capacity, and any thing which would have applied to him in any event under any provision referred to in subsection (4)(c), may likewise be done by, or will likewise apply to, a donee under a lasting power of attorney registered under the Mental Capacity Act with power in relation to the person for the purposes of this Act.

[18/2009; 22/2010; 20/2011]

(4) The Minister may, by regulations made under all or any of sections 23, 27Q, 39, 49A, 51, 56A, 57F, and 77(1), prescribe —

(a)

the persons to whom subsection (3) applies;

(b)

the provisions in this Act to which subsection (3)(a) applies;

(c)

the provisions in this Act to which subsection (3)(b) applies; and

(d)

how any provision referred to in paragraph (b) or (c) will be modified in its application to either or both of the following:

(i)	a deputy appointed or deemed to be appointed for any person referred to in paragraph (a) by the court under the Mental Capacity Act with power in relation to that person for the purposes of this Act; [Act 27 of 2014 wef 01/10/2014]
(ii)	a donee under a lasting power of attorney registered under the Mental Capacity Act with power in relation to any person referred to in paragraph (a) for the purposes of this Act. [18/2009; 22/2010] [Act 4 of 2015 wef 01/11/2015]

(5) For the purposes of this Act, a reference to the Board being satisfied that a person lacks capacity within the meaning of section 4 of the Mental Capacity Act shall be construed as including a reference to the Board being satisfied that the person’s lack of capacity is likely to be permanent.

[22/2010]

(6) In this Act, unless the context otherwise requires, a reference to the amount payable on a member’s death out of the Fund shall be construed as a reference to the balance standing to the credit of the member in the Fund after deducting the following amounts:

(a)	any sum withdrawn, or to be withdrawn, under section 16A;
(b)	any sum credited, or to be credited, to the account of another person under section 19(2) or (6) or 19A(2) or (6);
(c)	any sum transferred or paid, or to be transferred or paid, to another person under section 27B or to the general moneys of the Fund under section 14(3C); and [Act 26 of 2016 wef 01/01/2017]
(d)	any sum recovered, or to be recovered, by the Board under section 14(3) or (3A), 27N(4) or 57C(5) or (6). [Act 26 of 2016 wef 01/01/2017] [20/2011]

(7) For the purposes of sections 6(4C) and (4D), 13(7A), (7B) and (7C), 26 and 26A, where a member has died, but the day on which, or the month or year in which, the member died cannot be ascertained, the following provisions shall apply:

(a)

where the day of the month on which the member died cannot be ascertained, the member shall be deemed to have died —

(i)	in any case where the Board has received satisfactory proof, or obtained reliable information, that the member died within a particular period, on the last day of that period; or
(ii)	in any other case, on the first day of the month in which the member died or is deemed under paragraph (b) to have died;

(b)

where the month in which the member died cannot be ascertained, the member shall be deemed to have died —

(i)	in any case where the Board has received satisfactory proof, or obtained reliable information, that the member died within a particular period, in the last month of that period; or
(ii)	in any other case, in January of the year in which the member died or is deemed under paragraph (c) to have died; and

(c)

where the year in which the member died cannot be ascertained, and the Board has received satisfactory proof, or obtained reliable information, that the member died within a particular period, the member shall be deemed to have died in the last year of that period.

[20/2011]

(8) For the purposes of determining the rates of contributions applicable to a member whose date, month or year of birth cannot be ascertained, the following provisions shall apply:

(a)	where the day of the month on which the member was born cannot be ascertained, he shall be deemed to be born on the first day of the month in which he was born;
(b)	where the month in which the member was born cannot be ascertained, he shall be deemed to be born in January; and
(c)	where the year in which the member was born cannot be ascertained, he shall be deemed to be below 35 years of age at the time the determination is made. [23/2012]

(9) Notwithstanding subsection (8), where the Board has computed the amount of contributions payable by a member or his employer in reliance on that subsection, and the Board is notified subsequently, in such manner as the Board may require, of the date, month or year of birth of the member —

(a)

the Board may recompute the amount of contributions payable by the member or his employer, as the case may be; and

(b)

if the recomputed amount is higher than the amount that the Board computed originally —

(i)	the Board may issue to the member or his employer, as the case may be, a notice specifying the recomputed amount; and
(ii)	the member or his employer, as the case may be, shall pay, within such time as is specified in the notice, the shortfall, in addition to the amount that the Board computed originally if not previously paid. [23/2012]

Establishment and constitution of Central Provident Fund Board

3.—(1) For the purposes of this Act, there shall be a Board, called the Central Provident Fund Board, consisting of —

(a)	a Chairman appointed under section 4(1);
(b)	a Deputy Chairman appointed under section 4(2); and
(c)	such other members as may be appointed under section 4(4). [27/92]

(2) The Board shall be a body corporate with perpetual succession and a common seal, with power, subject to the provisions of this Act —

(a)	to sue and be sued in its corporate name;
(b)	to acquire and dispose of property, both movable and immovable; and
(c)	to perform such other acts as bodies corporate may by law perform. [23/2012]

(3) All deeds, documents and other instruments requiring the common seal of the Board shall be sealed with the common seal of the Board.

[36/2002]

(3A) All instruments to which the common seal is affixed shall be signed by any 2 officers of the Board generally or specially authorised by the Board for the purpose.

[36/2002]

(4) The Board may by resolution or otherwise appoint an officer of the Board or any other agent either generally or in a particular case to execute or sign on behalf of the Board any agreement or other instrument not under seal in relation to any matter coming within the powers of the Board.

(5) Section 11 of the Registration of Deeds Act (Cap. 269) shall not apply to any instrument purporting to have been executed under subsection (3).

(5A) The Board may, with the approval of the Minister, form or participate in the formation of any company, or enter into any joint venture or partnership, for the purposes of —

(a)

this Act; or

(b)

carrying out all or any of the following:

(i)	the functions and duties of the Board;
(ii)	any thing which the Board may engage in under section 76(1)(a) or (b). [23/2012]

(6) The Board shall have such powers and shall perform such duties as are given or imposed by this Act or as may be prescribed by the Minister and the Minister or the Board may by instrument in writing delegate to any person all or any of those powers and duties.

Membership of Board

4.—(1) The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, shall appoint a Chairman of the Board for a term of 3 years, or for such shorter term as the Minister may determine, and the Chairman shall be eligible for reappointment.

[11/91]

(2) The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, may appoint a Deputy Chairman of the Board for a term of 3 years, or for such shorter term as the Minister may determine, and the Deputy Chairman shall be eligible for reappointment.

[27/92]

(3) The Deputy Chairman may, subject to such directions as may be given by the Chairman, exercise all or any of the powers exercisable by the Chairman under this Act.

[27/92]

(3A) The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, may appoint any member of the Board to be a temporary Chairman or temporary Deputy Chairman during the temporary incapacity from illness or otherwise, or during the temporary absence from Singapore, of the Chairman or Deputy Chairman, as the case may be.

[39/2000]

(4) The other members of the Board shall be appointed by the Minister with the President’s concurrence under Article 22A(1)(b) of the Constitution and shall consist of the following persons:

(a)	2 persons holding office of emolument under the Government;
(b)	2 persons representing employers;
(c)	2 persons representing employees; and
(d)	such other persons, not being more than 7, as the Minister may from time to time determine. [11/91; 15/2006]

(4A) The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, may appoint the chief executive officer to be a member of the Board.

[15/2006]

(5) The quorum of the Board shall be 5.

(6) The Deputy Chairman shall, in the absence of the Chairman, preside at a meeting of the Board and, in the absence of both the Chairman and the Deputy Chairman, such member as the members present may elect shall preside at the meeting.

[27/92]

(7) The members of the Board shall be paid such allowances as may be fixed by the Minister.

(8) The appointment of members of the Board, other than the Chairman and the Deputy Chairman, shall be liable to be revoked at any time by the Minister but the members shall, unless their appointment is so revoked or they resign in the meantime, hold office for a term of 3 years or for such shorter period as the Minister may in any case determine.

[27/92]

(9) No revocation of the appointment of the Chairman, the Deputy Chairman or any other member of the Board shall be made without the President’s concurrence under Article 22A(1)(b) of the Constitution.

[11/91; 27/92]

(10) Any person who is a Member of Parliament shall be disqualified from being appointed to or remaining a member of the Board.

(11) The Chairman may, by instrument in writing, authorise any member of the Board to exercise any power or perform any function conferred on the Chairman by or under this Act.

[39/2000]

Appointment of officers and employees

4A.—(1) The Board shall, with the President’s concurrence under Article 22A(1)(b) of the Constitution, appoint a chief executive officer on such terms and conditions as the Board may determine.

[36/2002]

(1A) The chief executive officer shall be —

(a)	known by such designation as the Board may determine; and
(b)	responsible to the Board for the proper administration and management of its functions and affairs in accordance with all policies laid down by the Board. [36/2002]

(2) The Board shall have power to engage a staff consisting of such officers and employees as are in the opinion of the Board necessary for the purpose of carrying out the provisions of this Act.

(3) The members and employees of the Board shall be deemed to be public servants within the meaning of the Penal Code (Cap. 224).

(4) The Board may make rules for all or any of the purposes of this section and section 4 and, in particular, may make rules —

(a)	for the conduct of its proceedings; and
(b)	for the appointment, promotion, dismissal, termination of service and disciplinary control of all persons employed by the Board.

Appointment of inspectors

5.—(1) The Board may appoint such number of inspectors as it may consider necessary for carrying this Act into effect.

[15/2006]

(2) The Commissioner for Labour and any Deputy Commissioner for Labour, Principal Assistant Commissioner for Labour, Assistant Commissioner for Labour or inspecting officer appointed under the Employment Act (Cap. 91) may exercise all or any of the powers of an inspector.

[Act 24 of 2013 wef 01/01/2014]

(3) In the course of an inspection, an inspector may at any reasonable time —

(a)

enter any premises or place where he has reasonable cause to believe that a person is employed therein;

(b)

examine, either alone or in the presence of any other person with respect to any matter under this Act or which he may reasonably require information, any person whom he has reasonable cause to believe to be or to have been an employee or an employer, and require every such person to be examined and for the purposes of the examination may summon any such person to attend at the place and time specified in the summons;

(c)

put questions concerning employees or their employment to their employers or to any person who may be in charge of them, or to the employees themselves, or to any other person whom he may consider it desirable to question, and the employers or employees or person shall be legally bound to answer the questions truthfully to the best of his ability;

[Act 24 of 2013 wef 01/01/2014]

(d)

require any employer to produce before him all or any of the employees employed by him together with any contract of service, book of account of wages, register and other document concerning the employees or their employment and to answer such questions relating thereto as he may think proper to ask;

[Act 24 of 2013 wef 01/01/2014]

(e)

require any employer to produce for his inspection the audited statements of accounts of his undertaking and other records relating to the accounts and to answer such questions relating thereto as he may think proper to ask; and

(f)

require —

(i)	any document or record containing information concerning employees or their employment to be furnished by their employers, by any person who may be in charge of the employees, by the employees themselves or by any other person from whom the inspector may consider it desirable to require such document or record to be furnished; and
(ii)	the employers, employees or person referred to in sub-paragraph (i) to answer such questions as the inspector may think proper to ask relating to such document or record. [Act 24 of 2013 wef 01/01/2014]

(3A) In addition to the powers conferred on him by subsection (3), an inspector who has reasonable cause to believe that an offence under section 7(3) or (5) or 58(b) has been committed by an employer, or that an offence under section 60 has thereby been committed by any director, manager, secretary or other officer of the employer, may by notice in writing require any person to furnish, within a reasonable period specified in the notice —

(a)	any information within the knowledge of that person; or
(b)	any document or record in the possession, custody or control of that person,

which the inspector considers to be relevant to the investigation of that offence.

[Act 24 of 2013 wef 01/01/2014]

(3B) An inspector may inspect, make a copy of or take extracts from any book, register, document or record produced or furnished under subsection (3)(d), (e) or (f) or (3A), and take possession of the book, register, document or record, when in his opinion —

(a)	the copying thereof cannot reasonably be performed unless possession is taken;
(b)	the book, register, document or record may be tampered with unless possession is taken; or
(c)	the book, register, document or record may be required as evidence in any proceedings for an offence under this Act or in any proceedings for the recovery of any moneys due to the Fund. [Act 24 of 2013 wef 01/01/2014]

(4) Subsections (3), (3A) and (3B) shall apply, with the necessary modifications, to a person who is required by any regulations made under section 77(1)(e) to contribute to the Fund as it applies to an employer; and a reference to wages in subsection (3) shall be construed as a reference to income of that person.

[27/92]

[Act 24 of 2013 wef 01/01/2014]

(5) If any person —

(a)	wilfully delays an inspector or any of the officers referred to in subsection (2) in the exercise of any power under this section;
(b)	fails to comply with the requisition of an inspector or any such officer in pursuance of this section or to produce any record, certificate, notice or document which he is required by or in pursuance of this section to produce;
(c)	wilfully withholds any information as to who are the employees of any employer, or as to the employment or employer of any employee, which that person is required by this section to furnish to an inspector or such officer; or [Act 24 of 2013 wef 01/01/2014]
(d)	conceals or prevents or attempts to conceal or prevent a person from appearing before or being examined by an inspector or such officer,

that person shall be deemed to obstruct an inspector or that officer in the execution of his duties under this Act.

(6) Any person who obstructs an inspector or any of the officers referred to in subsection (2) shall be guilty of an offence.

(7) In this section —

“document” means a document in any medium and includes a document containing information in digital or electronic form;

“record” means a record in any medium and includes a record containing information in digital or electronic form.

[40/2007]

Budget

5A.—(1) The Board shall in every financial year prepare a budget containing estimates of income and expenditure of the Board for the ensuing financial year and a supplementary budget (if necessary) for any financial year and present them to the President for his approval under Article 22B of the Constitution.

[11/91]

(2) The budget and supplementary budget (if any) when approved by the President shall be published in the Gazette.

[11/91]

Issue of shares, etc.

5B. As a consequence of the vesting of any property, rights or liabilities of the Government in the Board under this Act, or of any capital injection or other investment by the Government in the Board in accordance with any written law, the Board shall issue such shares or other securities to the Minister for Finance as that Minister may from time to time direct.

[5/2002]

Symbol or representation of Board

5C.—(1) The Board shall have the exclusive right to the use of such symbol or representation as the Board may select or devise and thereafter display or exhibit such symbol or representation in connection with its activities or affairs.

[40/2007]

(2) Any person who uses a symbol or representation identical with that of the Board, or which so resembles the Board’s symbol or representation as to deceive or cause confusion, or to be likely to deceive or to cause confusion, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 6 months or to both and, in the case of a continuing offence, to a further fine not exceeding $250 for every day or part thereof during which the offence continues after conviction.

[40/2007]

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