Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation | 1998 RevEd
Maximum withdrawal limit under Regulations
8. The total amount of money which may be withdrawn by a member under these Regulations for any one or both of the following purposes:
(a)
to make full or partial payment towards the purchase of a property;
(b)
to make periodic payments towards the repayment of a loan or to make full or partial repayment of a loan,
shall not exceed 70% of the value of the property on the date of the signing of the agreement for the sale and the purchase of the property as assessed by the Board.
Informal Consolidation | Amended S 107/2001
Maximum withdrawal limit under these Regulations
8.—(1) The total amount which may be withdrawn by a member under these Regulations for any one or both of the purposes specified in paragraph (2) shall not exceed 70% of the value of the property as assessed by the Board at the date of —
(a)
the signing of the agreement for the sale and purchase of the property; or
(b)
the inheritance of the property,
as the case may be.
(2) The purposes referred to in paragraph (1) are —
(a)
to make full or partial payment towards the purchase of a property; or
(b)
to make periodic payments towards the repayment of a loan or to make full or partial repayment of a loan.