12.—(1) Any payment which a member receives in accordance with regulations 8A, 9, 10 and 10A shall be out of the amount of cash which he has deposited with an approved bank or retained in his retirement account under section 15(6C)(b)(i) of the Act and any interest accruing thereon.
[S 394/2009 wef 01/09/2009]
[S 339/2010 wef 01/07/2010]
[S 706/2012 wef 01/01/2013]
(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.