Child Development Co-Savings Regulations

  Table of Contents

1 Citation

2 Definitions

3 Establishment of Scheme

4 Managing agents

4A Eligibility for membership of Scheme

4B Determination or re-determination of birth order

5 Application for membership of Scheme

5A Change of managing agent

6 Co-savings arrangement

6A Other contributions to member’s Child Development Account by or on behalf of member’s parent

6B Child Development Credit and Cash Grant

7 Death of member

8 Change of custody, care and control

9 Withdrawals from Child Development Account

9A Refunds to Child Development Account

10 Closure of Child Development Account, transfer of member’s moneys and related matters

11 Application for approval as approved person, etc.

11AA Circumstances of revocation of approval

11A Suspension of approval as approved person

11B Revocation of appointment or approval

11C Requirement for approved person to appoint auditor

12 Prohibition against unauthorised withdrawals of moneys

13 Retention of records

14 Duty of officers of approved person

15 Prescribed scheme for purposes of section 8(1)(e) and (f) of Act