Education Endowment and Savings Schemes Act |
Education Endowment and Savings Schemes (Edusave Pupils Fund) Regulations 2007 |
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Citation and commencement |
1. These Regulations may be cited as the Education Endowment and Savings Schemes (Edusave Pupils Fund) Regulations 2007 and shall come into operation on 1st January 2008. |
Definitions |
Requirements for membership in Edusave Pupils Fund |
3. A child shall become a member of the Edusave Pupils Fund if, in addition to satisfying the requirements of section 8(a) and (aa) of the Act, he is a pupil of a prescribed school. |
Eligibility for payment of prescribed amount of contribution under section 9(1) of Act |
4. The Edusave Scheme Administrator shall determine the eligibility of a member for the payment of the prescribed amount of contribution under section 9(1) of the Act. |
Purposes for which moneys in Edusave account may be withdrawn |
5. The moneys standing to the credit of a member in his Edusave account may be withdrawn under section 12(2) of the Act for the purpose of paying —
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Application for withdrawal of moneys from Edusave account |
6.—(1) Every application for the withdrawal of moneys from a member’s Edusave account shall be made to the Edusave Scheme Administrator in such form as may be required by the Edusave Scheme Administrator.
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Application of moneys withdrawn from Edusave account |
7.—(1) Where the Edusave Scheme Administrator has approved an application for the withdrawal of moneys from a member’s Edusave account, the Board shall cause the necessary arrangements to be made for the amount withdrawn to be remitted to the Ministry of Education or the prescribed school or junior college of which the member is a pupil or student, whichever is applicable.
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Insufficiency of moneys in Edusave account |
8. Where the balance in a member’s Edusave account is insufficient to pay any fees, charges or expenses in respect of which an application has been made for the withdrawal of moneys from the member’s Edusave account, the amount of such fees, charges or expenses which remains unpaid shall be paid for in cash by the parents or guardian of the member, if he has not attained the age of 21 years, or by the member, if he has attained the age of 21 years. |
Refund of member’s moneys to Edusave Pupils Fund |
9.—(1) Where —
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Unclaimed moneys in Edusave Pupils Fund |
10. Any amount in the Edusave Pupils Fund which is unclaimed may be transferred to the Endowment Fund in accordance with section 7(5) of the Act. |
Statements of accounts |
11.—(1) The Board shall issue a statement of account to every member at least once in every 12 months.
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Revocation |
12. The following Regulations are revoked:
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Permanent Secretary, Ministry of Education, Singapore. |
[Edun S15-14-002 V14; AG/LEG/SL/87A/2002/1 Vol. 4] |