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Formal Consolidation |  2006 RevEd
Amount of moneys that may be transferred from member’s ordinary account
6.  Where the Board grants a member’s application to transfer moneys out of his ordinary account to top-up his parent’s or spouse’s retirement account, the amount that may be transferred out of his ordinary account for this purpose shall not exceed —
(a)in the case of a member who is below 55 years of age on the date his application is processed —
(i)an amount equal to the relevant amount of the member on that date less 1.5 timesthe prevailing minimum sum in force; or
(ii)the amount standing to his credit in his ordinary account on that date,
whichever is the lower; and
(b)in the case of a member who has attained 55 years of age on the date his application is processed —
(i)an amount equal to the relevant amount of the member on that date less the minimum sum applicable to him; or
(ii)the amount standing to his credit in his ordinary account on that date,
whichever is the lower.
Informal Consolidation | Amended S 513/2007
Amount of moneys that may be transferred from member’s ordinary account
6.  Where the Board grants a member’s application to transfer moneys out of his ordinary account to top-up his parent’s, grandparent’s, spouse’s or sibling’s retirement account, the amount that may be transferred out of his ordinary account for this purpose shall not exceed —
(a)in the case of a member who is below 55 years of age on the date his application is processed —
(i)an amount equal to the relevant amount of the member on that date less 1.5 timesthe prevailing minimum sum in force; or
(ii)the amount standing to his credit in his ordinary account on that date,
whichever is the lower; and
(b)in the case of a member who has attained 55 years of age on the date his application is processed —
(i)an amount equal to the relevant amount of the member on that date less the minimum sum applicable to him; or
(ii)the amount standing to his credit in his ordinary account on that date,
whichever is the lower.