Excluded members
5BA.—(1)  The following classes of excluded members are prescribed for the purposes of section 27K(3) of the Act:
(a)[Deleted by S 277/2024 wef 01/04/2024]
(b)any member who —
(i)is entitled to withdraw the amount standing to the member’s credit in the Fund under section 15AA(1), (2)(a) or (b) or (3)(a) or (b) of the Act or a former provision (as the case may be), and the Board has (before, on or after 1 May 2016) approved the member’s application to make such a withdrawal; and
[S 127/2022 wef 01/03/2022]
(ii)does not have an annuity plan;
(c)any member who —
(i)has attained the age of 80 years; and
(ii)does not have an annuity plan.
[S 127/2022 wef 01/03/2022]
(2)  In this regulation, “former provision” means section 15(2)(d), (e), (f) or (g), (7A)(a), (b), (c), (d) or (e) or (8)(a), (b), (c), (d) or (e) of the Act as in force before 1 March 2022.
[S 127/2022 wef 01/03/2022]