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Formal Consolidation |  1998 RevEd
Definitions
2.—(1)  In these Regulations —
“payment” means payment of moneys other than moneys standing to the credit of the payer in the Fund and “pay” shall be construed accordingly;
“retirement account” means an account maintained by a member with the Board with the minimum sum which he is required to set aside under section 15(6) of the Act.
(2)  In these Regulations, a reference to the minimum sum applicable to a person shall be —
(a)if the person has attained the age of 55 years before 1st July 1995, the minimum sum specified in the Schedule; and
(b)if the person has attained or will attain the age of 55 years on or after 1st July 1995, the minimum sum specified in the Second Schedule to the Central Provident Fund (Revised Minimum Sum Scheme) Regulations (Rg 2).
(3)  A reference in these Regulations to the total regrossed balance of any person at any date shall be the aggregate of the following:
(a)the sum standing to the credit of the person in the Fund at that date (excluding the balance in his medisave account);
(b)the amount withdrawn by the person pursuant to regulations made under section 77(1)(h) of the Act (relating to the purchase of immovable properties);
(c)the amount withdrawn by the person pursuant to regulations made under section 77(1)(l) of the Act (relating to the purchase of shares in the Singapore Bus Service (1978) Limited);
(d)the amount withdrawn by the person pursuant to regulations made under section 77(1)(m) of the Act (relating to the purchase of precious metals and securities);
(e)the amount withdrawn by the person pursuant to regulations made under section 23 of the Act (relating to payment of tuition fees at approved tertiary institution); and
(f)the sum standing to the member’s credit in any approved employees’ scheme established under section 70 of the Act.
Informal Consolidation | Amended S 388/2004
Definitions
2.—(1)  In these Regulations, unless the context otherwise requires, “payment” means payment of moneys other than moneys standing to the credit of the payer in the Fund and “pay” shall be construed accordingly.
[S 388/2004 wef 01/07/2004]
(2)  In these Regulations, a reference to the minimum sum applicable to a person shall be —
(a)if the person has attained the age of 55 years before 1st July 1995, the minimum sum specified in the Schedule;
(b)if the person has attained or will attain the age of 55 years on or after 1st July 1995 but before 1st July 2004, the minimum sum specified in the Second Schedule to the Central Provident Fund (Revised Minimum Sum Scheme) Regulations (Rg 2);
(c)if the person has attained or will attain the age of 55 years on or after 1st July 2004, the minimum sum specified in the First Schedule to the Central Provident Fund (New Minimum Sum Scheme) Regulations 2004 (G.N. No. S 386/2004).
[S 388/2004 wef 01/07/2004]
(3)  A reference in these Regulations to the total regrossed balance of any person at any date shall be the aggregate of the following:
(a)the sum standing to the credit of the person in the Fund at that date (excluding the balance in his medisave account);
(b)the amount withdrawn by the person pursuant to regulations made under section 77(1)(h) of the Act (relating to the purchase of immovable properties);
(c)the amount withdrawn by the person pursuant to regulations made under section 77(1)(i) of the Act (relating to the purchase or acquisition of any land with or without any building thereon and cost of construction of any dwelling-house thereon);
[S 388/2004 wef 01/07/2004]
(d)the amount withdrawn by the person pursuant to regulations made under section 77(1)(m) of the Act (relating to the purchase of precious metals and securities); and
(e)the amount withdrawn by the person pursuant to regulations made under section 23 of the Act (relating to payment of tuition fees at approved tertiary institution).