46.—(1) Section 77(1) of the principal Act is amended —(a) | by deleting the words “Town Council in respect of upgrading works” in paragraph (h)(iii)(A) and substituting the words “Town Council in respect of lift upgrading works”; | (b) | by deleting the word “and” at the end of sub-paragraph (A) of paragraph (h)(iii), and by inserting immediately thereafter the following sub-paragraph:“(AA) | any interest imposed by the Housing and Development Board or the Town Council, as the case may be, on the improvement contribution referred to in sub-paragraph (A), where the improvement contribution is paid in instalments; and”; |
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| (c) | by deleting paragraph (j) and substituting the following paragraph:“(j) | to provide, in respect of medical, psychiatric or other treatment or services received, or to be received, by a member or by the member’s spouse, child or parent or by such other persons as may be prescribed, for —(i) | the withdrawal of money from the medisave account of the member for payment for such treatment or services; and | (ii) | the repayment of such payment by any person who has received such payment;”; |
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| (d) | by inserting, immediately after the words “the refund” in paragraph (k)(ii), the words “or repayment”; | (e) | by inserting, immediately after the words “manner in which any such refund” in paragraph (k)(ii), the words “or repayment”; | (f) | by inserting, immediately after “(7),” in paragraph (o), “(8D),”; | (g) | by inserting, immediately after sub-paragraph (ii) of paragraph (o), the following sub-paragraph:“(iia) | prescribe the circumstances in which any amount standing to the credit of a member in the member’s retirement account is permitted to be used, transferred or withdrawn under section 15(6C)(d), and provide —(A) | for all or any part of the amount so used, transferred or withdrawn (including the whole or such part, as the Board may determine, of the interest that would have been payable on the amount if the amount had not been so used, transferred or withdrawn) to be paid into any account of the member in the Fund; | (B) | the circumstances in which the payment is to be made; and | (C) | the person who will make the payment;”; |
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| (h) | by deleting the word “and” at the end of paragraph (o)(iv); | (i) | by inserting, immediately after the words “to the Board” in paragraph (o)(v), the words “of the whole or part of the amount”; | (j) | by inserting, immediately after the words “27DA(1) or (2)” in paragraph (o)(v), the words “and for the Board to determine such amount to be paid”; | (k) | by inserting, immediately after sub-paragraph (v) of paragraph (o), the following sub-paragraphs:“(vi) | provide for the payment into a member’s retirement account of all or any part of the moneys deposited with an approved bank (including any interest on such moneys deposited) or used to purchase an approved annuity in accordance with section 15, the circumstances in which such payment is to be made and the person who will make such payment; and | (vii) | in the case of a member who need not comply with section 15(6)(a) by reason of section 15(8)(e), provide for payment into the member’s retirement account of all or any part of the moneys deposited with an approved bank (including any interest on such moneys deposited) or of such sums when the member’s pension, annuity or other benefit is terminated or surrendered, the circumstances in which such payment is to be made and the person who will make such payment;”; and |
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| (l) | by deleting the word “and” at the end of paragraph (ra), and by inserting immediately thereafter the following paragraph:“(rb) | to prescribe such matters as are necessary or expedient for giving full effect to section 67C, including —(i) | requirements and contraventions applicable to approved applicants relating to —(A) | access to information on a member’s medisave account; | (B) | the accuracy of information in a withdrawal application; | (C) | authorisation by or on behalf of a member for an approved applicant to submit a withdrawal application on behalf of the member; and | (D) | audits ordered by the Board under section 67B(3), and compliance with the Board’s directions in relation to the audit; |
| (ii) | the payment of interest if a financial penalty is not paid within the time specified in a notice to the approved applicant; and | (iii) | providing for appeals against a decision of the Board to impose a financial penalty or interest for late payment, and the amount of the penalty or interest for late payment imposed, to be made to a panel appointed by the Minister charged with the responsibility for health, and the procedure for making and hearing appeals; and”. |
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(2) Section 77(1) of the principal Act, as amended by subsection (1), is amended —(a) | by deleting the word “and” at the end of paragraph (o)(vi); and | (b) | by inserting the word “and” at the end of sub‑paragraph (vii) of paragraph (o), and by inserting immediately thereafter the following sub-paragraph:“(viii) | prescribe the types of transfer or payment that are made into a member’s account in the Fund for which a member may be permitted to withdraw an amount under section 15(8D), and provide for the whole or any part of the interest paid on the amount so withdrawn from the member’s account to be dealt with in all or any of the following manner:(A) | retained in that account; | (B) | withdrawn from that account and paid to the member; | (C) | transferred to the general moneys of the Fund;”. |
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