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Formal Consolidation |  2008 RevEd
Eligibility criteria for self-employed person
4.—(1)  A member (being a self-employed person at the time his eligibility to receive any benefit under the Scheme is assessed) shall be an eligible member for the purposes of Part VIA of the Act and these Regulations if he satisfies all of the following requirements:
(a)he is a Singapore citizen, or becomes a Singapore citizen on or before 1st January in the year immediately following the relevant year;
(b)he attains the age of 35 years on or before 31st December in the relevant year;
(c)he was residing in a property with an annual value not exceeding $10,000 on 31st December in the year immediately preceding the relevant year;
(d)either of the following applies to him:
(i)he commenced working as a self-employed person before the relevant year, and has worked as a self-employed person in the relevant year; or
(ii)he commenced working as a self-employed person during the relevant year, and has worked as a self-employed person for a period of at least —
(A)3 months in any 6 consecutive months in the relevant year; or
(B)6 months in the relevant year;
(e)he has derived from Singapore or received from outside Singapore, in respect of any trade, business, profession or vocation —
(i)income of more than $600 but less than $18,000 in the relevant year; and
(ii)if sub-paragraph (d)(ii) applies to him, an average monthly income of more than $50 but less than $1,500 during the period referred to in sub-paragraph (d)(ii); and
(f)he has paid every contribution which he is liable to pay under the Central Provident Fund (Self-Employed Persons) Regulations (Rg 25).
(2)  Where a member (being a self-employed person at the time his eligibility to receive any benefit under the Scheme is assessed) fails to satisfy any requirement under paragraph (1), he may nevertheless be an eligible member for the purposes of Part VIA of the Act and these Regulations if the Board waives that requirement in relation to him.
(3)  In paragraph (1)(e), “average monthly income”, in relation to a member to whom paragraph (1)(d)(ii) applies, means the amount ascertained in accordance with the formula:
A/B,
where A
is the income which he has derived from Singapore or received from outside Singapore, in respect of any trade, business, profession or vocation, in the relevant year; and
B
is the number of months in the period referred to in paragraph (1)(d)(ii), during which he has worked as a self-employed person.
Informal Consolidation | Amended S 692/2008
Eligibility criteria for self-employed person
4.—(1)  A member (being a self-employed person at the time his eligibility to receive any benefit under the Scheme is assessed) shall be an eligible member for the purposes of Part VIA of the Act and these Regulations if he satisfies all of the following requirements:
(a)he is a Singapore citizen, or becomes a Singapore citizen on or before 1st January in the year immediately following the relevant year;
(b)he attains the age of 35 years on or before 31st December in the relevant year;
(c)he was residing in a property with an annual value, on 31st December in the year immediately preceding the relevant year, not exceeding —
(i)$10,000, if the relevant year is 2007 or 2008; or
(ii)$11,000, if the relevant year is 2009 or any subsequent year;
[S 692/2008 wef 01/01/2009]
(d)either of the following applies to him:
(i)he commenced working as a self-employed person before the relevant year, and has worked as a self-employed person in the relevant year; or
(ii)he commenced working as a self-employed person during the relevant year, and has worked as a self-employed person for a period of at least —
(A)3 months in any 6 consecutive months in the relevant year; or
(B)6 months in the relevant year;
(e)he has derived from Singapore or received from outside Singapore, in respect of any trade, business, profession or vocation —
(i)income of more than $600 but less than $18,000 in the relevant year; and
(ii)if sub-paragraph (d)(ii) applies to him, an average monthly income of more than $50 but less than $1,500 during the period referred to in sub-paragraph (d)(ii); and
(f)he has paid every contribution which he is liable to pay under the Central Provident Fund (Self-Employed Persons) Regulations (Rg 25).
(2)  Where a member (being a self-employed person at the time his eligibility to receive any benefit under the Scheme is assessed) fails to satisfy any requirement under paragraph (1), he may nevertheless be an eligible member for the purposes of Part VIA of the Act and these Regulations if the Board waives that requirement in relation to him.
(3)  In paragraph (1)(e), “average monthly income”, in relation to a member to whom paragraph (1)(d)(ii) applies, means the amount ascertained in accordance with the formula:
A/B,
where A
is the income which he has derived from Singapore or received from outside Singapore, in respect of any trade, business, profession or vocation, in the relevant year; and
B
is the number of months in the period referred to in paragraph (1)(d)(ii), during which he has worked as a self-employed person.