Central Provident Fund (Modifications to Act for Design-Build-and-Sell Scheme) Order

Status:

Current version
as at 20 Apr 2024

Central Provident Fund Act

(CHAPTER 36, Section 28(2))

Central Provident Fund (Modifications to Act for Design-Build-and-Sell Scheme) Order

O 7

G.N. No. S 504/2006

REVISED EDITION 2006

(30th November 2006)

[28th August 2006]

Citation

1. This Order may be cited as the Central Provident Fund (Modifications to Act for Design-Build-and-Sell Scheme) Order.

Modifications to Part IV of Act

2.—(1) Part IV of the Act shall apply in relation to any housing accommodation sold or to be sold by an approved developer under Part IVB of the Housing and Development Act (Cap. 129) with the following modifications:

(a)

the references in sections 29(1), 30(1) and (3), 32(5), 36(8) and 39(i) of the Act to immovable property shall include housing accommodation;

(b)

the references in sections 29(2) and (3) and 30(2) of the Act to the purchase of any immovable property from a Housing Authority shall include the purchase of any housing accommodation from an approved developer;

(c)

in the case of housing accommodation purchased from an approved developer, section 36(1) of the Act shall apply only if —

(i)	the member’s date of death is on or after the relevant date in respect of the housing accommodation within the meaning of section 65S of the Housing and Development Act (Cap. 129); or
(ii)	the member’s date of death is before the relevant date in respect of the housing accommodation and the Minister for National Development has made a direction under that section not to cancel the application for purchase or terminate the sale and purchase agreement (if any); [S 567/2014 wef 01/09/2014]

(d)

[Deleted by S 567/2014 wef 01/09/2014]

(e)

in the case of housing accommodation purchased from an approved developer, the reference in section 36(2)(b) of the Act to a period not exceeding 2 years shall read as a period not exceeding 2 years or such other period as the Board may determine;

[S 567/2014 wef 01/09/2014]

(f)

[Deleted by S 567/2014 wef 01/09/2014]

(g)

where a member of the Scheme who purchased housing accommodation from an approved developer has died and the approved developer has cancelled his application for purchase and terminated the sale and purchase agreement (if any) under section 65S of the Housing and Development Act (Cap. 129), then —

(i)	the member shall be deemed not to have been covered under the Scheme;
(ii)	the Board shall, subject to such terms and conditions as it may impose, refund all premiums that have been paid by crediting an amount equivalent to the premiums to his ordinary account or, if another member of the Fund paid the premiums, that other member’s ordinary account; and
(iii)	the Board shall not be liable to make any payment under section 36 of the Act in respect of his death.

(2) In this paragraph, “approved developer” and “housing accommodation” have the meanings given to them by section 65M of the Housing and Development Act.

[G.N. No. S 504/2006]

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