Central Provident Fund (Non-Residential Properties Scheme) (Amendment No. 2) Regulations 2005

Status:

Published in Subsidiary Legislation Supplement
on 14 Jun 2005

No. S 359

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Non-residential Properties Scheme) (Amendment No. 2) Regulations 2005

In exercise of the powers conferred by section 77(1)(h) 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 (Non-Residential Properties Scheme) (Amendment No. 2) Regulations 2005 and shall come into operation on 15th June 2005.

New regulation 10A

2. The Central Provident Fund (Non-Residential Properties Scheme) Regulations (Rg 10) are amended by inserting, immediately after regulation 10, the following regulation:

“Withdrawal of money by undischarged bankrupt

10A.—(1) Notwithstanding the provisions of these Regulations, an undischarged bankrupt shall not be entitled to —

(a)	make an application to the Board to withdraw money under these Regulations; or
(b)	withdraw money under these Regulations except in accordance with paragraph (2).

(2) Where a member is adjudicated a bankrupt after he has obtained authorisation from the Board to withdraw money under these Regulations, the Board may, notwithstanding his bankruptcy, permit him to make or continue to make (as the case may be) the authorised withdrawals subject to his compliance with these Regulations, the Act and any other condition which the Board thinks fit to impose.”.

[G.N. Nos. S 87/99; S562/99; S 107/2001; S 183/2005]

Made this 8th day of June 2005.

YONG YING-I

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 2/80 V 21; AG/LEG/SL/36/2002/1 Vol. 2]

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

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