Central Provident Fund (Amendment) Bill

Bill No. 32/2001

Read the first time on 13th August 2001.

An Act to amend the Central Provident Fund Act (Chapter 36 of the 1999 Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:

Short title and commencement

1. This Act may be cited as the Central Provident Fund (Amendment) Act 2001 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

Amendment of section 59

2. Section 59 of the Central Provident Fund Act is amended by inserting, immediately after subsection (5), the following subsections:

“(6) The Board may, on the request by an insurer administering or operating an insurance scheme referred to in section 77(1)(ja), give to the insurer information, in the Board’s possession, on any member that the insurer requires for the purpose of administering or operating the insurance scheme, including information relating to the amount standing to his credit in his medisave account.

(7) The insurer may not use the information given under subsection (6) for any other purpose except —

(a)	for the purpose of determining whether a member is entitled to join the insurance scheme referred to in section 77(1)(ja); or
(b)	for any other purpose connected with the administration or operation of the insurance scheme.

(8) An insurer who knowingly contravenes subsection (7) shall be guilty of an offence.”.

Amendment of section 77

3. Section 77(1) of the Central Provident Fund Act is amended by inserting, immediately after the words “medical insurance scheme” in the 3rd and 4th lines of paragraph (ja), the words “or other insurance scheme”.

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