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Formal Consolidation |  1998 RevEd
Second application for withdrawal of funds
13.—(1)  A member who has withdrawn any money under these Regulations in connection with the purchase of a property shall not be entitled to make a further application for the withdrawal of such moneys from the Fund under these Regulations in respect of another property unless —
(a)the member has repaid to the Fund all the moneys withdrawn plus interest; and
(b)a period of one year has elapsed between the date of the signing of the agreement for the sale and purchase of the first-mentioned property, or where there is no such agreement, from such other date as may be determined by the Board in the circumstances of any particular case and the date of the further application to withdraw the money under these Regulations.
(2)  Paragraph (1) shall not apply to the amount of moneys standing to the member’s credit in the Fund which the member has not previously withdrawn under these Regulations.
Informal Consolidation | Amended S 107/2001
Second application for withdrawal of funds
13.—(1)  A member who has withdrawn any money under these Regulations in connection with the purchase of a property or repayment of a loan shall not be entitled to make a further application for the withdrawal of such moneys from the Fund under these Regulations in respect of another property unless —
(a)the member has repaid to the Fund all the moneys withdrawn plus interest; and
(b)a period of one year has passed after —
(i)the signing of the agreement for the sale and purchase of the first-mentioned property;
(ii)full repayment of the loan on the first-mentioned property; or
(iii)such other date as the Board may determine may determine in the circumstances of any particular case,
whichever is the earlier.
[S 107/2001 wef 01/03/2001]
(2)  Paragraph (1) shall not apply to the amount of moneys standing to the member’s credit in the Fund which the member has not previously withdrawn under these Regulations.