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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  2006 RevEd
Computation of balance in minimum sum
12.—(1)  Any payment from the minimum sum which a member receives in accordance with regulations 9 and 10 shall be out of the amount of cash which he has maintained as the minimum sum and any interest accruing thereon.
(2)  Where a member does not have any amount of cash as the minimum sum or has depleted the cash in his minimum sum, the member shall not receive any payment under regulations 9 and 10 but the value of the charge or pledge shall be reduced in accordance with the amount of payment due to him.
Informal Consolidation | Amended S 394/2009
Payment from cash component of minimum sum
12.—(1)  Any payment which a member receives in accordance with regulations 8A, 9and 10 shall be out of the amount of cash which he has maintained as the minimum sum (and deposited with an approved bank or in his retirement account under section 15(6C)(b)(i) of the Act) and any interest accruing thereon.
[S 339/2010 wef 01/07/2010]
(2)  Where a member does not have any amount of cash or interest referred to in paragraph (1), or has depleted the cash and interest referred to in that paragraph, the member shall not receive any payment under regulations 8A, 9 and 10, but the value of any charge or pledge referred to in regulation 4(b)(ii) covering any amount of the minimum sum applicable to the member shall be reduced in accordance with the amount of payment due to him.
[S 394/2009 wef 01/09/2009]