No. S 706
Central Provident Fund Act
(Chapter 36)
Central Provident Fund (Approved Housing Schemes) (Amendment No. 3) Regulations 2007
In exercise of the powers conferred by section 77 (1)(h) and (ra) of the Central Provident Fund Act, the Minister for Manpower, after consulting with the Central Provident Fund Board, hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Central Provident Fund (Approved Housing Schemes) (Amendment No. 3) Regulations 2007 and shall come into operation on 1st January 2008.
Amendment of regulation 2
2.  Regulation 2(1) of the Central Provident Fund (Approved Housing Schemes) Regulations (Rg 12) (referred to in these Regulations as the principal Regulations) is amended —
(a)by inserting, immediately after the word “purchase” in the definitions of “approved housing scheme” and “housing loan”, the words “or acquisition”; and
(b)by deleting the definition of “house or flat” and substituting the following definition:
“ “house or flat” means a house or flat sold, transferred, assigned or otherwise disposed of under an approved housing scheme, by —
(a)the Housing and Development Board;
(b)an approved developer under Part IVB of the Housing and Development Act;
(c)the Jurong Town Corporation; or
(d)a lessee of the Housing and Development Board or the Jurong Town Corporation;”.
Amendment of regulation 3
3.  Regulation 3 of the principal Regulations is amended —
(a)by inserting, immediately after the words “to purchase” in paragraph (1), the words “or acquire”;
(b)by deleting the words “the purchase of” in paragraphs (1) and (2) and substituting in each case the words “the purchase or acquisition of”;
(c)by deleting the words “A member who has attained the age of 55 years” in paragraph (2) and substituting the words “Where a member has attained such age as the Board may determine, the member”; and
(d)by inserting, immediately after the word “purchase” in the regulation heading, the words “or acquisition”.
New regulation 3A
4.  The principal Regulations are amended by inserting, immediately after regulation 3, the following regulation:
Withdrawal for payment upon transfer (other than by way of sale) of house or flat
3A.—(1)  Where a member (referred to in this paragraph as the transferor), being the owner or co-owner of a house or flat, will or is required to transfer (other than by way of sale) his estate or interest in the house or flat to another member (referred to in this paragraph as the transferee), the transferee may apply to the Board to withdraw the whole or any part of the amount standing to the transferee’s credit in the Fund for the payment of any amount which the transferor is required, under these Regulations, to pay to the transferor’s account in the Fund upon the transfer.
(2)  The Board may approve an application under paragraph (1) subject to such terms and conditions as it may deem fit to impose from time to time.”.
Miscellaneous amendments
5.  The principal Regulations are amended —
(a)by inserting, immediately after the word “purchase” wherever it appears in the following provisions, the words “or acquisition”:
Regulations 4 (1), 8 (paragraph (1)(a) and regulation heading), 10(2)(i) and (ii), 11(1) (A), 13(3)(b)(i), (4)(i), (5)(ii)(B), (6)(ii)(A)(I) and (B) (II), (7) (ii) (A), (8) (ii) (B), (9) (ii), (10) (i) and (12) (paragraph (b)(i) of the definition of “net proceeds”), 14(3)(b)(i), (4)(ii)(B), (5)(ii)(A)(I) and (B) (II), (6) (ii) (A), (7) (ii) (B), (8) (ii), (9) (i) and (10) (paragraph (b)(i) of the definition of “net proceeds of the acquisition”), 14A(4)(b)(ii)(B) and (iii)(B), (5)(a)(i), (b)(A), (c)(B), (d)(A)(I) and (B) (II), (e)(A), (f)(B), (g) and (h)(A) and (9) (definition of “private housing loan”), 15(2)(b)(i), 16(1) and (2), 17 (regulation heading) and 20(1) and (2);
(b)by inserting, immediately after the word “purchased” in the following provisions, the words “or acquired”:
Regulations 4 (1), 4A(1), 5, 7, 8(1)(b) and 17;
(c)by inserting, immediately after the word “purchase” in regulation 7, the words “or acquire”;
(d)by inserting, immediately after the word “purchases” in regulation 18(1), the words “or acquires”; and
(e)by inserting, immediately after the word “selling” in regulation 20(5), the words “, transferring, assigning or otherwise disposing of”.
[G.N. Nos. S 255/2007; S507/2007]

Made this 21st day of December 2007.

LEO YIP
Permanent Secretary,
Ministry of Manpower,
Singapore.
[MMS 7/68 V52; AG/LEG/SL/36/2005/1 Vol. 2]
(To be presented to Parliament under section 78(2) of the Central Provident Fund Act).