Central Provident Fund (Education Scheme) (Amendment) Regulations 2002

Status:

Published in Subsidiary Legislation Supplement
on 18 Mar 2002

No. S 124

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Education Scheme) (Amendment) Regulations 2002

In exercise of the powers conferred by section 23 of the Central Provident Fund Act, the Minister for Manpower hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Central Provident Fund (Education Scheme) (Amendment) Regulations 2002 and shall come into operation on 18th March 2002.

Amendment of regulation 5

2. Regulation 5(2) of the Central Provident Fund (Education Scheme) Regulations (Rg 18) is amended —

(a)

by inserting, immediately before the word “commence” in the 1st line of sub-paragraph (a), the words “unless the Board otherwise allows,”;

(b)

by inserting, at the end of sub-paragraph (a), the word “and”; and

(c)

by deleting sub-paragraph (b) and substituting the following sub-paragraph:

“(b)	be made in one lump sum or by monthly instalments in such manner as the Board may determine over a period not exceeding 12 years.”.

Amendment of regulation 6

3. Regulation 6 of the Central Provident Fund (Education Scheme) Regulations is amended by inserting, immediately after paragraph (2), the following paragraph:

“(3) Notwithstanding paragraph (1), the Board may, in any particular case and subject to such terms and conditions as it may impose, waive all or any of the requirements to be satisfied by a guarantor under that paragraph.”.

[G.N. Nos. S 199/98; S 561/99; S 244/2000]

Made this 14th day of March 2002.

YONG YING-I

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MM S 2.2/80 V11; AG/LEG/SL/36/2002/2 Vol. 1]

(To be presented to Parliament under section 78(2) of the Central Provident Fund Act).

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