Central Provident Fund (Medisave Account Transfers) (Amendment) Regulations 2015

Status:

Published in Subsidiary Legislation Supplement
on 04 Dec 2015

No. S 748

Central Provident Fund Act

(CHAPTER 36)

Central Provident Fund (Medisave Account
Transfers) (Amendment) Regulations 2015

In exercise of the powers conferred by section 77(1)(ka) of the Central Provident Fund Act, the Minister for Manpower, after consulting with the Central Provident Fund Board, makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Central Provident Fund (Medisave Account Transfers) (Amendment) Regulations 2015 and come into operation on 1 January 2016.

Amendment of regulation 2

2. Regulation 2 of the Central Provident Fund (Medisave Account Transfers) Regulations (Rg 34) is amended by deleting the definition of “medisave contribution ceiling” and substituting the following definition:

“ “basic healthcare sum” means the amount directed by the Minister under section 13(6) of the Act, in excess of which any amount standing to the credit of a member in the member’s medisave account will be transferred in accordance with these Regulations;”.

Miscellaneous Amendments

3. The Central Provident Fund (Medisave Account Transfers) Regulations are amended by deleting the words “medisave contribution ceiling” in regulations 3, 4 and 5 and substituting in each case the words “basic healthcare sum”.

[G.N. Nos S 398/2009; S 709/2012]

Made on 1 December 2015.

LOH KHUM YEAN

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 5.2/85 V35; AG/LEGIS/SL/36/2015/14 Vol. 1]

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

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