Central Provident Fund (Self-Employed Persons) (Amendment No. 2) Regulations 2007

Status:

Published in Subsidiary Legislation Supplement
on 28 Sep 2009

No. S 506

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Self-employed Persons) (Amendment No. 2) Regulations 2007

In exercise of the powers conferred by section 77 (1)(a) and (e) 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 (Self-Employed Persons) (Amendment No. 2) Regulations 2007 and shall come into operation on 1st October 2007.

Amendment of regulation 17

2. Regulation 17 of the Central Provident Fund (Self-Employed Persons) Regulations (Rg 25, 2007 Ed.) is amended by deleting paragraphs (3) and (4) and substituting the following paragraph:

“(3) For the purpose of computing the maximum amount referred to in paragraph (2) in any relevant year —

(a)

the following amounts shall be included:

(i)

the amount contributed by the person which is obligatory under these Regulations; and

(ii)

subject to sub-paragraph (b)(i), in the case of a self-employed person who during the relevant year was also an employee —

(A)	the amount contributed by the person which is obligatory under the Act; and
(B)	any voluntary contribution paid by him or his employer under section 7(4)(c) of the Act in that year; and

(b)

the following amounts shall be excluded:

(i)

in the case of a self-employed person who during the relevant year was also an employee —

(A)	any contribution made in that year under sections 73 and 79 of the Act; and
(B)	any amount of additional medisave contributions made in that year up to $1,500; and

(ii)

any contribution made in that year by the person or any other person under section 27B, 27C, 27D, 27E or 27F of the Act or under any regulations referred to in section 27G or 27H of the Act.”.

[G.N. No. S 321/2007]

Made this 27th day of September 2007.

LEO YIP

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 7/68 V51; AG/LEG/SL/36/2005/13 Vol. 1]

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

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