Comparison View

Formal Consolidation |  2006 RevEd
Fees and charges
29.—(1)  A member who has made an application for the withdrawal of money under these Regulations shall be liable to pay any fees or charges in connection with the processing of the application which shall be of such amount as may be determined by the Board.
(2)  The Board may, on application being made by the member, authorise the whole or part of the amount standing to his credit in the Fund to be withdrawn and used for the payment of such fees or charges.
Informal Consolidation | Amended S 747/2013
Application for cancellation of charge on immovable property
29.—(1)  For the purposes of sections 21(10A), 21A(9A) and 27E(2)(ii) of the Act, where there is a charge under section 21(1) or 21A(1) of the Act, as the case may be, on a member’s estate or interest in an immovable property, the member may apply to the Board for the charge to be cancelled.
(2)  The Board may approve an application under paragraph (1) for the charge to be cancelled if the Board is satisfied that the member —
(a)is entitled to withdraw the amount standing to his credit in the Fund under section 15(2)(a), (d), (e), (f) or (g), (3), (4), (7A) or (8) of the Act;
(b)has complied with the requirements in section 15(2A), (6), (7B) or (8A) of the Act, as the case may be; and
(c)has complied with such terms and conditions as the Board may impose.
[S 747/2013 wef 15/12/2013]