Central Provident Fund Act |
Central Provident Fund (Nominations) Rules |
R 1 |
G.N. No. S 318/1986 |
REVISED EDITION 1998 |
(1st January 1998) |
[1st January 1987] |
Citation |
1. These Rules may be cited as the Central Provident Fund (Nominations) Rules. |
Nomination by member |
Nomination on behalf of member |
3.—(1) This rule applies where a member lacks capacity within the meaning of section 4 of the Mental Capacity Act (Cap. 177A), and the court makes an order under section 20(2)(a) of the Mental Capacity Act in relation to the executing under section 25(1) of the Act, on the member’s behalf, of a memorandum nominating any person specified in the order to receive the whole or any portion of —
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Nominations to receive minimum sum to take precedence |
4. A nomination made by or on behalf of a member in accordance with rule 2 or 3 (as the case may be), whether made before, on or after 1st July 1995, shall be subject to any nomination made by or on behalf of the member in accordance with the Central Provident Fund (Minimum Sum Scheme Nominations) Rules (R 8). |
Nominees and shares |
5.—(1) A nomination may be in favour of one person or of several persons (who shall be clearly designated in the nomination), and, where there is more than one nominee, may direct that the nominees shall take the money or any shares in an approved corporation designated under section 26(1) of the Act in specified shares. [S 814/2010 wef 01/01/2011]
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Witness not to be beneficiary |
6. A person who attests the signature to a nomination shall not take any benefit thereunder. [S 122/2010 wef 01/03/2010] |
Revocation of nomination |
7. Any nomination made by or on behalf of a member in accordance with rule 2 or 3 (as the case may be) shall be revoked —
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Notice of revocation of nomination |
8.—(1) For the purposes of rule 7(c), a notice of revocation given by a member shall —
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Qualification of witnesses |
9. No person shall attest the signature to a nomination or notice of revocation unless he has attained the age of 21 years and does not lack capacity within the meaning of section 4 of the Mental Capacity Act (Cap. 177A), or unless he is an employee of the Board. [S 122/2010 wef 01/03/2010] [S 814/2010 wef 01/01/2011] |
Multiple nominees |
10. Where there is more than one nominee and a nominee dies before the member, his share of the moneys or any shares in an approved corporation designated under section 26(1) of the Act shall pass to the surviving nominees and shall be shared among them in the same proportion as the respective shares of the surviving nominees bear to each other. |
Public notice |
11. Upon the death of the member, the Board may, before paying any nominee the amount or any shares in an approved corporation designated under section 26(1) of the Act due to him according to the directions of the nomination, give one month’s notice of its intention to do so in one or more daily newspapers. [S 122/2010 wef 01/03/2010] |
Saving |
12. Any nomination made by a member under the Central Provident Fund Rules (R 3) and received by the Board prior to 1st January 1987 shall, if valid immediately before that date, be deemed to be a nomination made under these Rules. |
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Revised Editions of Subsidiary Legislation |