2.—(1) Subject to paragraphs (2) and (3), all contributions to the Fund payable by an employer under section 7(1) of the Act shall be paid to the Board not later than 14 days after the end of the month in respect of which the contributions are payable.
(2) The Board may, in the case of any employer or class or classes of employers, authorise the time for payment to be extended by not more than 7 days.
(3) Where the Board has authorised the withdrawal of the sum of money standing to the credit of a member in the Fund under section 15(2)(a) or (b) or (3) of the Act or a former provision or section 15AA(1) of the Act or a former provision, the Board may require any contributions due in respect of that member to be paid to the Fund by such earlier date as the Board may direct.
[S 120/2022 wef 01/03/2022]
[S 283/2024 wef 01/04/2024]
(4) In paragraph (3) —
(a)
the first occurrence of “former provision” means section 15(2)(b) or (c) of the Act as in force before 1 April 2024; and
(b)
the second occurrence of “former provision” means section 15(2)(d), (e), (f) or (g) of the Act as in force before 1 March 2022.