Central Provident Fund Act |
Central Provident Fund (Exemption for Protection of Benefits under Part V Assurance) Order 2007 |
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Citation and commencement |
1. This Order may be cited as the Central Provident Fund (Exemption for Protection of Benefits under Part V Assurance) Order 2007 and shall come into operation on 28th December 2007. |
Definitions |
2. In this Order, unless the context otherwise requires —
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Exemption |
3. Section 24(2) of the Act and regulation 6 of the Central Provident Fund (Investment Schemes) Regulations (Rg 9) shall not apply to a member, in respect of any Part V Assurance held by him which has an automatic premium loan feature, only to the extent that the issuer of the Part V Assurance may advance and set-off (under the automatic premium loan feature), against any cash value of the Part V Assurance, an amount for the payment of —
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Permanent Secretary, Ministry of Manpower, Singapore. |
[MMC 39.1/62 V3; AG/LEG/SL/36/2005/35 Vol. 1] |