Central Provident Fund Act |
Central Provident Fund (Non-Residential Properties Scheme) (Amendment) Regulations 2016 |
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Citation and commencement |
1. These Regulations are the Central Provident Fund (Non‑Residential Properties Scheme) (Amendment) Regulations 2016 and come into operation on 1 January 2017. |
Amendment of regulation 2 |
2. Regulation 2(1) of the Central Provident Fund (Non‑Residential Properties Scheme) Regulations (Rg 10) (called in these Regulations the principal Regulations) is amended by deleting the definitions of “approved annuity”, “approved bank”, “bank” and “insurer”. |
New regulation 15A |
3. The principal Regulations are amended by inserting, immediately after regulation 15, the following regulation:
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Amendment of regulation 19 |
4. Regulation 19(5) of the principal Regulations is amended by deleting the words “minimum sum” in paragraphs (a)(ii) and (b)(ii) of the definition of “relevant amount” and substituting in each case the words “retirement sum”. |
Amendment of regulation 21 |
5. Regulation 21(6) of the principal Regulations is amended by deleting the words “minimum sum” in paragraphs (a)(ii) and (b)(ii) of the definition of “relevant amount” and substituting in each case the words “retirement sum”. |
Permanent Secretary, Ministry of Manpower, Singapore. |
[MMS 7/68 V58; AG/LEGIS/SL/36/2015/37 Vol. 1] |
(To be presented to Parliament under section 78(2) of the Central Provident Fund Act). |