Central Provident Fund (Ministry of Defence Housing Scheme) (Amendment No. 2) Regulations 2007

Status:

Published in Subsidiary Legislation Supplement
on 31 Oct 2007

No. S 586

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Ministry of Defence Housing Scheme) (Amendment No. 2) Regulations 2007

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 (Ministry of Defence Housing Scheme) (Amendment No. 2) Regulations 2007 and shall come into operation on 31st October 2007.

Amendment of regulation 2

2. Regulation 2 of the Central Provident Fund (Ministry of Defence Housing Scheme) (Rg 13) (referred to in these Regulations as the principal Regulations) is amended by inserting, immediately after the definition of “bank”, the following definition:

“ “common property” has the same meaning as in section 3 of the Land Titles (Strata) Act (Cap. 158);”.

New regulation 3A

3. The principal Regulations are amended by inserting, immediately after regulation 3, the following regulation:

“Withdrawal for payment of share in common property

3A. Where an officer, as owner of a flat purchased under the Ministry of Defence Housing Scheme, has accepted, or is deemed to have accepted, the transfer of all the estate and interest of the Government or the Minister for Finance in any common property relating to that flat pursuant to an application under section 126 of the Land Titles (Strata) Act, the Board may, on the application of the officer and subject to such terms and conditions as the Board may impose, authorise the whole or part of the amount standing to the officer’s credit in the Fund to be withdrawn by him to pay the whole or part of —

(a)	the price for his acquiring a share in the common property; and
(b)	any cost, fee or other incidental expenses arising from the transfer of the common property or the withdrawal of moneys under this regulation.”.

Amendment of regulation 6A

4. Regulation 6A of the principal Regulations is amended by deleting paragraph (1) and substituting the following paragraph:

“(1) Where the Board has, on or after 1st March 1999, credited into the ordinary account of any officer moneys lent by the Government to the officer pursuant to any approved loan scheme under section 14A of the Act, the Board may —

(a)	on the application of the officer; or
(b)	if it considers necessary,

and subject to such terms and conditions as it may impose, permit the officer to withdraw such moneys to pay the whole or part of the monthly instalments of principal and interest towards repayment of —

(i)	any loan obtained by the officer to pay for his share in any common property transferred by the Government or the Minister for Finance; or
(ii)	any housing loan which the officer has obtained from the Government or the Minister for Finance to finance the purchase of a flat under the Ministry of Defence Housing Scheme.”.

Amendment of regulation 6B

5. Regulation 6B of the principal Regulations is amended —

(a)	by inserting, immediately after the words “purchase of the flat” in paragraph (1), the words “or a loan obtained by him to pay for his share in any common property transferred by the Government or the Minister for Finance”; and
(b)	by inserting, immediately after the words “housing loan” in the regulation heading, the words “and share in common property transferred by Government or Minister for Finance”. [G.N. No. S 510/2007]

Made this 29th day of October 2007.

LEO YIP

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMC 29/68-07 TF1; AG/LEG/SL/36/2005/23 Vol. 1]

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

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