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13.—(1)  A member who has withdrawn any money under these Regulations in connection with the purchase of a property or repayment of a loan shall not be entitled to make a further application for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(a)the member has repaid to the Fund all the moneys withdrawn plus interest; and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shall not apply to the amount of moneys standing to the member’s credit in the Fund which the member has not previously withdrawn under these Regulations.