Children Development Co-Savings (Amendment No. 2) Regulations 2005

No. S 769

Children Development Co-Savings Act

(Chapter 38A)

Children Development Co-Savings (Amendment No. 2) Regulations 2005

In exercise of the powers conferred by sections 3, 7 and 20 of the Children Development Co-Savings Act, the Minister for Community Development, Youth and Sports hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Children Development Co-Savings (Amendment No. 2) Regulations 2005 and shall come into operation on 5th December 2005.

Amendment of regulation 2

2. Regulation 2 of the Children Development Co-Savings Regulations (Rg 2) (referred to in these Regulations as the principal Regulations) is amended —

(a)

by inserting, immediately after the definition of “estimated delivery date”, the following definitions:

“ “insurer” has the same meaning as in the Central Provident Fund (Private Medical Insurance Scheme) Regulations 2005 (G.N. No. S 428/2005);

“integrated medical insurance plan” has the same meaning as in the Central Provident Fund (Private Medical Insurance Scheme) Regulations 2005;”;

(b)

by inserting, immediately after the definition of “managing agent”, the following definition:

“ “MediShield Scheme” means the MediShield Scheme established under section 53 of the Central Provident Fund Act (Cap. 36);”; and

(c)

by inserting, immediately after the definition of “parent”, the following definition:

“ “premium” means any premium payable in respect of —

(a)	insurance cover under the MediShield Scheme; or
(b)	an integrated medical insurance plan,

and includes any goods and services tax thereon;”.

Amendment of regulation 5

3. Regulation 5 of the principal Regulations is amended —

(a)

by deleting paragraph (2);

(b)

by deleting paragraphs (3) and (4) and substituting the following paragraphs:

“(3) A parent of a child who wishes to participate in the Scheme shall, within 6 years of the date of birth of the child —

(a)	make an application for the child to be a member of the Scheme in such form as the Director may provide;
(b)	nominate a person to be the trustee of any Children Development Account which may be opened for the child; and
(c)	together with that person (if that person is not a parent of the child), undertake to comply with such terms and conditions as the Director may impose with respect to the membership of the Scheme.

(4) Upon receiving the application, the Director shall —

(a)	determine the eligibility of the child for membership of the Scheme; and
(b)	notify the parent of his determination.

(4A) When the Director has determined that a child is eligible for membership of the Scheme, the child shall be treated as a member of the Scheme.”;

(c)

by deleting the words “breaches or fails to comply with any provision of these Regulations or” in paragraph (7) and substituting the words “contravenes any provision of these Regulations or breaches”;

(d)

by deleting the words “breach or non-compliance” in paragraph (7) and substituting the words “contravention or breach”; and

(e)

by deleting the regulation heading and substituting the following regulation heading:

“Application for membership of Scheme”.

Amendment of regulation 9

4. Regulation 9 of the principal Regulations is amended by deleting paragraph (1) and substituting the following paragraph:

“(1) A trustee may withdraw or cause the withdrawal of any moneys standing to the credit of a member in the member’s Children Development Account at any time for —

(a)	the payment of any fee to an approved institution in connection with any educational or developmental courses provided to the member or his sibling by the approved institution;
(b)	the payment of any premium payable in respect of insurance cover under the MediShield Scheme for the member or his sibling; and
(c)	the payment to an insurer of any premium payable in respect of any integrated medical insurance plan of the member or his sibling.”.

New regulation 9A

5. The principal Regulations are amended by inserting, immediately after regulation 9, the following regulation:

“Refunds to Children Development Account

9A.—(1) Where any approved person is liable to make any refund of any payment which has been made out of a member’s Children Development Account, that approved person shall, within one month from the date on which an agreement is reached between the trustee of the member’s Children Development Account and the approved person as to the amount to be refunded, arrange for that refund to be credited directly into —

(a)	the member’s Children Development Account; or
(b)	such other account in the name of the member as the Director may specify, if at the time of the refund the member’s Children Development Account has been closed.

(2) Where any premium paid to an insurer in respect of an integrated medical insurance plan has been paid from moneys standing to the credit of a member in the member’s Children Development Account, and that insurer is liable to make any refund of that premium, that insurer shall, within one month from the date on which the insurer becomes liable, under the Central Provident Fund (Private Medical Insurance Scheme) Regulations 2005 (G.N. No. S 428/2005), to make the refund, arrange for that refund to be credited directly into —

(a)	the member’s Children Development Account; or
(b)	such other account in the name of the member as the Director may specify, if at the time of the refund the member’s Children Development Account has been closed.”.

Amendment of regulation 11

6. Regulation 11 (7) of the principal Regulations is amended by deleting sub-paragraph (c).

[G.N. Nos. S 603/2004; S424/2005]

Made this 28th day of November 2005.

NIAM CHIANG MENG

Permanent Secretary,
Ministry of Community Development,
Youth and Sports,
Singapore.

[MCYS 132-20-36 V13; AG/LEG/SL/38A/2001/1 Vol. 8]

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