Transfer of investments
6.—(1)  For the purposes of section 27G(2) of the Act, the interest of a member of the Fund in an investment shall not be transferred to his spouse —
(a)before the eighteenth anniversary of the day of the spouse’s birth; or
[S 88/2009 wef 01/03/2009]
(b)if, at the time of the intended transfer, the spouse does not satisfy any requirement under the Central Provident Fund (Investment Schemes) Regulations (Rg 9) for the making of that investment.
(2)  For the purposes of section 27G of the Act, where a member of the Fund has made any investment, and an order of court is made requiring the transfer of the member’s interest in the investment to his spouse —
(a)any brokerage, fee or other expense incurred in the transfer shall be borne by —
(i)the member; or
(ii)if the order of court requires the spouse to bear the brokerage, fee or expense, the spouse; and
(b)the Board may, on the application of the member or spouse required under sub-paragraph (a) to bear the brokerage, fee or expense and subject to such terms and conditions as the Board may impose, authorise the whole or any part of the moneys standing to the credit of the member or spouse, as the case may be, in the Fund to be withdrawn and used to pay the brokerage, fee or expense.