Moneys received under nomination by memorandum, or as cash grants or contributions from Government
17A.—(1)  Where any sum has been transferred to a self-employed person’s accounts in the Fund in accordance with section 25(1)(a)(ii) or (iii) of the Act, the Board may apply the whole or any part of that sum towards any contribution or interest which is or may become payable by the person to the Board under regulation 4, 5, 6, 8 or 15 for any relevant year.
[S 275/2012 wef 11/06/2012]
(2)  Where any sum has been credited to a self employed person’s account in the Fund in accordance with section 14(1) or 57C(1)(b) of the Act, the Board may, if the Minister directs, apply the whole or any part of that sum or any interest thereon towards any contribution or interest which is or may become payable by the person to the Board under regulation 4regulation 4, 5, 6, 8 or 15 for any relevant year.
[S 275/2012 wef 11/06/2012]