Restoration of moneys transferred
12.—(1)  Subject to paragraphs (3) and (4), where any moneys have been transferred to the general moneys of the Fund under section 13(7B)(b) of the Act as in force before 1 April 2022 or regulation 10 as in force on or after that date, the Board may, on being satisfied that any person is entitled to the whole or any part of those moneys under section 25 of the Act, or for the purpose of payment of moneys to the Public Trustee under section 25A of the Act —
(a)transfer to the deceased member’s ordinary account the whole or that part of those moneys; and
(b)pay into the deceased member’s ordinary account the interest or any part of the interest that the Board determines would have been payable on the whole or that part of those moneys if those moneys had not been transferred to the general moneys of the Fund.
[S 288/2022 wef 01/04/2022]
[S 482/2022 wef 18/06/2022]
(2)  Where any moneys have been transferred to —
(a)the member’s ordinary account under section 13(7A)(a) of the Act as in force before 1 April 2022; or
(b)the general moneys of the Fund under section 13(7B)(a) of the Act as in force before that date or regulation 11 as in force on or after that date,
the Board may —
(c)on being satisfied that any of the requirements in regulation 9(1) for the transfer has not been met or the member is still alive —
(i)restore to the member’s accounts in the Fund those moneys; and
(ii)pay into the member’s accounts in the Fund mentioned in sub-paragraph (i) the interest or any part of the interest that the Board determines would have been payable on those moneys if those moneys had not been transferred to the general moneys of the Fund; or
(d)subject to paragraphs (3) and (4), where the moneys have been transferred to the general moneys of the Fund under sub-paragraph (b) and on being notified of the member’s death —
(i)transfer to the deceased member’s ordinary account those moneys; and
(ii)pay into the deceased member’s ordinary account the interest or any part of the interest that the Board determines would have been payable on those moneys if those moneys had not been transferred to the general moneys of the Fund.
[S 288/2022 wef 01/04/2022]
(3)  Paragraph (4) applies where —
(a)any moneys standing in a member’s account in the Fund (other than a nominee account, if any) are —
(i)transferred, whether before, on or after 1 April 2022, to the member’s ordinary account under section 13(7A) of the Act as in force before 1 April 2022; or
(ii)transferred to the general moneys of the Fund under section 13(7B) of the Act as in force before 1 April 2022 or regulation 10 or 11 as in force on or after that date; and
(b)any of the following circumstances arises:
(i)the Board is served with an order of court mentioned in section 27B(1) of the Act awarding the spouse of the member any amount to be paid out from the moneys standing to the credit of the member in the Fund (including any moneys which are payable or repayable to the Fund to the credit of the member);
(ii)the Board permits the withdrawal of the whole or any part of the sum standing to the member’s credit in his or her medisave account under section 16A(1) of the Act;
(iii)the Board is entitled to recover or may recover any moneys referred to in section 14(3) or (3A), 27N(4) or 57C(5) or (6) of the Act;
(iv)any sum is to be credited to the account of another person under section 19(2) or (6) or 19A(2) or (6) of the Act, as in force before 1 April 2022;
(v)any sum is to be refunded under section 19 of the Act or to be refunded or paid under section 19D of the Act.
[S 288/2022 wef 01/04/2022]
(4)  Despite paragraphs (1) and (2)(d), the Board may —
(a)restore to the member’s accounts in the Fund, the moneys transferred to the member’s ordinary account or the general moneys of the Fund mentioned in paragraph (3)(a); and
(b)pay into the member’s accounts in the Fund mentioned in sub-paragraph (a) the interest or any part of the interest that the Board determines would have been payable on those moneys if those moneys had not been transferred to the general moneys of the Fund.
[S 288/2022 wef 01/04/2022]
(4A)  [Deleted by S 288/2022 wef 01/04/2022]
(5)  Subject to regulation 7(2), where any amount has been transferred to the general moneys of the Fund before 1st January 2011 and —
(a)the Board is satisfied that the member is alive; or
(b)the Board is satisfied that any person is entitled to the whole or part of the amount under the Act,
the Board may restore to the member’s accounts in the Fund the amount which has been so transferred together with such interest as the Board may, in its discretion, determine.
(6)  [Deleted by S 288/2022 wef 01/04/2022]