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Formal Consolidation |  2006 RevEd
Maintenance of minimum sum
4.—(1)  The minimum sum which a member is required to set aside for any of the purposes mentioned in section 15(6C) of the Act shall be calculated in accordance with the First Schedule.
(2)  In the case of a married couple, if one spouse (referred to in this regulation as the first spouse) has already set aside a minimum sum calculated in accordance with the First Schedule, the other spouse shall only be required to set aside an amount calculated in accordance with the First Schedule or an amount equal to the difference between $53,1001 and the minimum sum set aside by the first spouse, whichever is the less.
1  With effect from 1st April 1994 to 30th June 1995 (S 304/95).
[S 396/2009 wef 01/09/2009]
(3)  Nothing in these Regulations shall be construed to prevent any married couple from being treated as separate individuals for the purposes of section 15(6) of the Act.
(4)  Where a member is in receipt of a pension, annuity or other benefit which provides him with a monthly income of less than $2722 on attaining the age of 60 years, the minimum sum which the member is required to set aside shall be calculated in accordance with the Second Schedule.
2  With effect from 1st April 1994 to 30th June 1995 (S 304/95).
(5)  Where a member withdraws the sum standing to his credit in the Fund under section 15(2)(a) of the Act at any time after he has attained the age of 55 years, the minimum sum which he is required to set aside under section 15(6) of the Act shall be computed as if the withdrawal had been made by him at the age of 55 years.
Informal Consolidation | Amended S 396/2009
Maintenance of minimum sum
4.—(1)  The minimum sum which a member is required to set aside for any of the purposes mentioned in section 15(6C) of the Act shall be calculated in accordance with the First Schedule.
(2)  Where 2 members of the Fund are parties to a marriage and neither spouse is a relevant member, if one spouse (referred to in this regulation as the first spouse) has already set aside a minimum sum calculated in accordance with the First Schedule, the other spouse shall only be required to set aside an amount calculated in accordance with the First Schedule or an amount equal to the difference between $53,1001 and the minimum sum set aside by the first spouse, whichever is the less.
1  With effect from 1st April 1994 to 30th June 1995 (S 304/95).
[S 396/2009 wef 01/09/2009]
(3)  Nothing in these Regulations shall be construed to prevent any married couple from being treated as separate individuals for the purposes of section 15(6) of the Act.
(4)  Where a member is in receipt of a pension, annuity or other benefit which provides him with a monthly income of less than $2722 on attaining the age of 60 years, the minimum sum which the member is required to set aside shall be calculated in accordance with the Second Schedule.
2  With effect from 1st April 1994 to 30th June 1995 (S 304/95).
(5)  Where a member withdraws the sum standing to his credit in the Fund under section 15(2)(a) of the Act at any time after he has attained the age of 55 years, the minimum sum which he is required to set aside under section 15(6) of the Act shall be computed as if the withdrawal had been made by him at the age of 55 years.