Central Provident Fund (Minimum Sum Topping-Up Scheme) (Amendment) Regulations 2001

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Published in Subsidiary Legislation Supplement
on 30 Mar 2001

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No. S 165

Central Provident Act

(Chapter 36)

Central Provident Fund (Minimum Sum Topping-up Scheme) (Amendment) Regulations 2001

In exercise of the powers conferred by section 77(1)(n) of the Central Provident Fund Act, the Minister for Manpower, after consultation 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 (Minimum Sum Topping-Up Scheme) (Amendment) Regulations 2001 and shall come into operation on 1st April 2001.

Deletion and substitution of regulation 10

2. Regulation 10 of the Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations (Rg 3) is deleted and the following regulation substituted therefor:

“Frequency of transfer or payment of moneys to member’s own or his parent’s, grandparent’s or spouse’s retirement account

10. No transfer or payment, shall be made by a person under these Regulations to the same recipient more than once in a year.”.

[G.N. Nos. S 349/98; S 297/99; S 315/2000; S 590/2000]

Made this 29th day of March 2001.

TAN CHIN NAM

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 5.2R/85 V3; AG/LEG/SL/36/97/7 Vol. 1]

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