Source: http://statutes.agc.gov.sg/aol/search/display/view.w3p;ident=5d039db8-d3be-4dde-b2d5-d7c6fa48dc78;orderBy=date-rev,loadTime;page=0;query=DocId%3Af1b7803c-71dd-4732-b7f0-231fef8142ca%20ValidTime%3A20111015000000%20TransactionTime%3A20111014000000%20Status%3Ainforce%20Depth%3A0;rec=0
Timestamp: 2013-05-20 13:47:59
Document Index: 248900499

Matched Legal Cases: ['art27', 'art27', 'art29', 'art41', 'art53', 'art57']

ContentsCentral Provident Fund Act(CHAPTER 36)Long TitlePart I PRELIMINARY1 Short title2 Interpretation3 Establishment and constitution of Central Provident Fund Board4 Membership of Board4A Appointment of officers and employees5 Appointment of inspectors5A Budget5B Issue of shares, etc.5C Symbol or representation of BoardPart II CONTRIBUTIONS TO FUND6 Establishment of Central Provident Fund7 Rates of contributions8 Agreement by statutory body to pay excess contributions deemed void9 Payment of interest on contributions in arrears10 Expenses11 Financial provisions12 Contributions to be paid into Fund13 Crediting of contributions and interest into subsidiary accounts, etc.13A Power to impose conditions relating to contributions by self-employed persons13B Voluntary contributions14 Payment of cash grant by Government into Fund14A Loan by Government to memberPart III WITHDRAWAL OF CONTRIBUTIONS15 Authorisation and conditions for withdrawal from Fund15A Restrictions on withdrawals to ensure repayment of approved loan15B Setting aside additional sum16 Restrictions on withdrawal from medisave account16A Withdrawal from medisave account of deceased member for medical treatment, etc., received by him17 Withdrawal from special account for loan, etc.18 Transfer or payment of moneys to retirement account or special account, and voluntary maintenance of sum in retirement account18A Transfer of member’s moneys in ordinary account or special account to retirement account18B Transfer of member’s moneys in ordinary account to special account18C Transfer of member’s moneys in ordinary or special account to medisave account19 Provisions relating to moneys transferred or paid to parent’s, grandparent’s, spouse’s or sibling’s retirement account on death or withdrawal under section 15(2)( b ) or ( c )19A Provisions relating to moneys transferred or paid to parent’s, grandparent’s, spouse’s or sibling’s special account on death or withdrawal under section 15(2)( b ) or ( c )20 Withdrawals21 Charge on immovable property to secure repayment of withdrawals from Fund21A Registration of charge on immovable property to secure repayment of withdrawals from Fund before 1st June 198121B Charge on HDB flats to secure repayment of withdrawals from Fund22 Withdrawals for payment of tuition fees at approved educational institution23 Regulations for purposes of section 2224 Protection of benefits25 Moneys payable on death of member26 Distribution and disposal of certain shares on death of member who dies on or after 1st January 1996 and has executed memorandum under section 25(1)26A Distribution and disposal of certain shares on death of member who died before 1st January 1996 or has not executed memorandum under section 25(1)26B Disposal of certain shares and dividends, etc., when member’s accounts in Fund deemed to be dormant26C Payment of dividends, etc., in respect of certain shares before Board is notified of death of member26D Payment of dividends, etc., in respect of certain shares after Board is notified of death of member27 Withdrawals by undischarged bankruptsPart IIIA DIVISION OF FUND-RELATED ASSETS IN MATRIMONIAL PROCEEDINGS27A Interpretation of this Part27B Order of court for transfer or payment of money standing to credit of member27C Order of court for transfer or sale of immovable property in relation to which charge has been created under section 15 (9) or (9A)27D Order of court for transfer or sale of immovable property in relation to which undertaking has been given under section 15 (10) or (10A)27E Order of court for transfer or sale of immovable property in relation to which charge under section 21 (1) or 21A (1) exists27F Order of court for transfer or sale of HDB flat in relation to which charge has been constituted under section 21B (1)27G Order of court for transfer of investments27H Order of court for sale of investments27I Miscellaneous mattersPart IIIB LIFELONG INCOME SCHEME27J Interpretation of this Part27K Establishment of Lifelong Income Scheme27L Premium27M Minister may delegate functions and powers under sections 27K(6) and 27L(1) and (1A)27N Establishment of Lifelong Income Fund27O Non-application of Insurance Act27P Order of court for payment of moneys received by relevant member under Scheme27Q Regulations for purposes of this PartPart IV HOME PROTECTION INSURANCE SCHEME28 Interpretation of this Part29 Establishment of Home Protection Insurance Scheme30 Double insurance cover under Scheme prohibited31 Medical condition of member of Scheme32 Premium33 Establishment of Home Protection Fund34 (Repealed)35 (Repealed)36 Amount payable by Board to Housing Authority or approved mortgagee on death or incapacity of member of Scheme37 Housing Authority or approved mortgagee to send notice to Board on payment of premium38 Non-application of Insurance Act39 Regulations for purposes of this PartPart V DEPENDANTS’ PROTECTION INSURANCE SCHEME40 Interpretation of this Part41 Establishment of Dependants’ Protection Insurance Scheme42 Persons insured under Scheme43 Board may cancel insurance cover44 Board may require insured person to furnish information45 Premium46 (Repealed)47 Period of cover48 Rights and benefits under Scheme not assignable or transferable48A Insurance policy under Scheme not to create trust49 Amount payable on death or incapacity of insured person49A Transfer of Board’s liabilities under Scheme49B Application of moneys in dissolved Dependants’ Protection Insurance Fund49C Disclosure of information50 Non-application of Insurance Act51 Regulations for purposes of this PartPart VI MEDISHIELD SCHEME52 Interpretation of this Part53 Establishment of MediShield Scheme54 Premium55 General obligation of insured person to furnish information56 Establishment of MediShield Fund56A Transfer of liabilities under Scheme56B Non-application of Insurance Act57 Regulations for purposes of this PartPart VIA WORKFARE INCOME SUPPLEMENT SCHEME57A Interpretation of this Part57B Establishment of Workfare Income Supplement Scheme57C Cash payments and contributions under Scheme57D Recovery of cash payment, etc., upon conviction57E Certificate of Board on amount of cash payment, etc.57F Regulations for purposes of this PartPart VII OFFENCES, PENALTIES AND PROCEEDINGS58 Offences58A Offences relating to investments59 Publication of information to unauthorised person, etc.60 Offences by corporations61 General penalties61A Jurisdiction of court61B Recovery of contributions, etc., upon conviction62 Notice to attend court62A Service of notice and summons63 Composition of offences64 Saving of proceedings under other laws65 Recovery of sums due to Fund66 Certificate of authorised officer to be evidence66A Certificate of Board67 Conduct of prosecutionsPart VIII MISCELLANEOUS68 Protection of employee’s or member’s interest in execution proceedings and sale under mortgage or charge69 Power to exempt70 (Repealed)71 (Repealed)72 Refund of contributions to Government73 Transfer to Fund from private provident fund74 Refund of contributions paid in error75 Refund of excess contributions on additional wages76 Board may engage in activities not directly related to Fund and may call for information77 Regulations and rules78 Regulations and rules to be presented to Parliament79 Reciprocal agreementsFIRST SCHEDULE
The closest version currently available is that of 01/09/2011.
CONTRIBUTIONS TO FUNDEstablishment of Central Provident Fund6.—(1) For the purposes of this Act, there shall be established a fund to be called the Central Provident Fund into which shall be paid all contributions authorised under this Act and out of which shall be met all payments authorised to be paid under this Act.(2) The Board shall be the trustee of the Fund and all moneys belonging to the Fund may be —
(a)deposited in a bank or banks approved by the Board;
(b)invested in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act (Cap.1); or
(c)used for the purchase of any property and for the construction of buildings for the purposes of the Board or for letting to derive income therefrom and the Board may dispose of all or any part of the property or buildings.(3) The land situate at 79 Robinson Road, Singapore, acquired by the Board and the building constructed thereon prior to 15th May 1980 shall be deemed to have been purchased and constructed by the Board in pursuance of the powers conferred upon the Board by subsection (2)(c).(4) Subject to subsections (4C) to (4I), the Board shall pay to a member of the Fund interest —
(a)at such intervals, and on the amount standing to the credit of the member in the Fund at such time, as the Board may determine; and
(b)at such rate per annum as the Board may from time to time declare by notification published in the Gazette, being a rate of interest which —
is not less than 2.5% per annum; and
may exceed 2.5% per annum if the Minister for Finance so approves.[57/2007 wef 01/01/2008][22/2010 wef 01/01/2011](4A) For the purposes of subsection (4), the Board may declare different rates of interest for different parts of the amount standing to the credit of a member in the Fund.(4B) The Board may, in its discretion, pay to a member of the Fund interest in addition to that referred to in subsection (4) —
(a)at such intervals, and on the whole or such part of the following amounts at such time, as the Board may determine:
the amount standing to the credit of the member in the Fund; and
the aggregate of —
(A)the amount of any premium paid by the member under section 27L; and
(B)the interest that would have been payable thereon, if that amount had been standing to the credit of the member in his retirement account; and
(b)at such rate per annum, and subject to such terms and conditions, as the Board may, with the approval of the Minister for Finance, determine.(4C) Where a member of the Fund died before 1st January 2004, the Board may cease to pay interest on any amount standing to the credit of the deceased member in the Fund —
(a)in any case where that amount is transferred to the general moneys of the Fund on or before 31st December 2010, after 31st December 2010;
(b)in any case where that amount is transferred to the general moneys of the Fund after 31st December 2010, with effect from the date of the transfer; or
(c)in any case where that amount has not been transferred to the general moneys of the Fund, after the later of the following dates:
31st December 2010; or
the date on which the Board is notified, in such manner as may be prescribed in any regulations made under section 77(1), of the member’s death.(4D) Where a member of the Fund dies on or after 1st January 2004, the Board may cease to pay interest on any amount standing to the credit of the deceased member in the Fund —
(a)in any case where that amount is transferred to the general moneys of the Fund on or before the 7th anniversary of the day of the member’s death, after the 7th anniversary of the day of the member’s death;
(b)in any case where that amount is transferred to the general moneys of the Fund after the 7th anniversary of the day of the member’s death, with effect from the date of the transfer; or
the 7th anniversary of the day of the member’s death; or
the date on which the Board is notified, in such manner as may be prescribed in any regulations made under section 77(1), of the member’s death.(4E) Subject to subsections (4C) and (4D), the Board may suspend the payment of interest on any amount standing to the credit of a member in the Fund after that amount is transferred to the general moneys of the Fund.(4F) Where any shares belonging to a deceased member that are vested in the Board under section 26(1) or 26A(1) are sold by the Board, the Board shall not pay any interest on any proceeds of the sale of those shares that are paid into the general moneys of the Fund under section 26(4D) or 26A(9), as the case may be, notwithstanding that those proceeds constitute an amount standing to the credit of the deceased member in the Fund.(4G) Where any shares belonging to a member that are vested in the Board under section 26B(1) are sold by the Board, the Board shall suspend the payment of interest on any proceeds of the sale of those shares that are paid into the general moneys of the Fund under section 26B(3)(b), notwithstanding that those proceeds constitute an amount standing to the credit of the member in the Fund.(4H) Where any shares belonging to a member are vested in the Board under section 26B(1), the Board shall suspend the payment of interest on any dividends, returned paid-up share capital or other moneys in respect of those shares that are paid into the general moneys of the Fund under section 26B(5), notwithstanding that the dividends, capital or other moneys constitute amounts standing to the credit of the member in the Fund.(4I) Where the Board has paid any dividends, returned paid-up share capital or other moneys in respect of any shares belonging to a deceased member into the general moneys of the Fund under section 26D(1), the Board shall not pay any interest on the dividends, capital or other moneys notwithstanding that the dividends, capital or other moneys constitute amounts standing to the credit of the deceased member in the Fund.(5) If the Board is at any time unable to pay any sum which the Fund is required to pay under this Act, the sum required to be so paid shall be charged on and advanced to the Board from the Consolidated Fund and the Board shall as soon as practicable repay to the Government the sum so advanced.Rates of contributions7.—(1) Subject to section 69 and any regulations made under section 77, every employer of an employee shall pay to the Fund monthly in respect of each employee contributions at the appropriate rates set out in the First Schedule.(1A) The Board may, in its discretion and on such terms and conditions as the Board may impose, authorise an employer or a class or classes of employers to pay those contributions at other intervals not exceeding 6 months.[27/92](2) Notwithstanding the provisions of any written law or any contract to the contrary, an employer shall be entitled to recover from the monthly wages of an employee the amount shown in the First Schedule as so recoverable from the employee.[27/92](3) Where any employer who has recovered any amount from the monthly wages of an employee in accordance with subsection (2) fails to pay the contributions to the Fund within such time as may be prescribed, he shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 7 years or to both.(4) Without prejudice to subsections (1) and (2) and the First Schedule —
(a)an employee may at any time contribute voluntarily to the Fund a sum additional to that shown in the First Schedule as payable by the employer;
(b)an employee who desires to have contributions in excess of the appropriate rate deducted from his monthly wages by his employer may give to his employer written notice to that effect, and thereafter, so long as he is employed by that employer, the employer shall make the deductions from his wages for each month until such time, not being less than 6 months from the giving of the previous notice, as he gives further written notice to his employer of his desire to cease to have the excess monthly contributions deducted from his wages and the employer shall pay the amount of the excess deductions to the Fund in addition to the appropriate monthly contributions; or
(c)an employer may at any time pay to the Fund contributions in respect of any of his employees at a rate in excess of the appropriate rate set out in the First Schedule.[27/92](5) Notwithstanding any contract to the contrary, an employer shall not be entitled to recover in any way from an employee in respect of contributions payable under this Act any sum in excess of that permitted to be recovered under subsection (2) together with any sum contributed voluntarily by the employee under subsection (4) and any employer who recovers or attempts to recover any greater sum shall be guilty of an offence.(6) The portion of any contribution recoverable under the First Schedule from the wages of an employee in accordance with subsections (2) and (4) shall be recovered by the employer from the wages in respect of which the contribution is payable at the time of payment of those wages and not otherwise.(6A) Subject to such conditions as may be prescribed by the Board, where an employer has, by error not occasioned by that employer’s negligence, omitted to recover from the wages paid to an employee any amount or part of any amount that he would otherwise have been entitled to recover at the time of payment of the wages, the amount or part thereof may be recovered from the wages payable by the employer to the employee not later than 6 months from the date of the payment of the wages in respect of which the amount or part thereof was omitted to be recovered. [27/92](7) Notwithstanding subsection (6), where wages are payable at intervals of less than one month, if in any month it appears to the employer that the wages of any employee for that month are likely to exceed $500, the employer —
(a)may deduct from the employee’s wages at the time of each payment in the month the appropriate proportion of such sum as would be recoverable from the employee in accordance with the First Schedule in respect of the wages if paid at the same rate throughout the month; and
(b)shall make such adjustment as may be necessary on the occasion of the last payment in that month, but if the wages do not actually exceed $500 for that month, he shall forthwith refund to the employee the amount of the deductions.[31/2003 wef 01/01/2004][27/92](8) The Minister may, by notification in the Gazette, amend the First Schedule and may prescribe in the First Schedule —
(a)different rates of contributions payable in respect of different types of wages; and
(b)the payment of contributions on such additional wages as may be specified in the First Schedule to be based on the wages of an employee for the preceding year and to be adjusted at the end of the year or in the last month of his employment with the employer based on his actual wages for the year.[22/90; 27/92](9) Notwithstanding subsection (6), where an employer is required to pay to the Fund any additional contributions on additional wages and is entitled to recover such contributions from the wages of the employee in accordance with the First Schedule, the employer may recover such contributions from the wages payable by him to the employee not later than 6 months from the end of the year in which the additional contributions are payable.[22/90; 27/92](10) Notwithstanding subsection (5), if it appears to the employer at the time when additional wages as specified in the First Schedule are payable to the employee that additional contributions in respect of such additional wages are likely to arise at the end of the year due to the recomputation of additional wages on which contributions are payable in accordance with the First Schedule, the employer may —
(a)contribute to the Fund a sum additional to that shown in the First Schedule as payable by the employer; and
(b)notwithstanding subsection (6), recover the appropriate proportion of such sum in accordance with the First Schedule from the additional wages of the employee.[22/90; 27/92](11) Where an employer is required to pay to the Fund any additional contributions and is entitled to recover such contributions from the wages of the employee in accordance with the First Schedule, the Board may, notwithstanding subsection (1), if it is satisfied that the employer is unable to recover in full or in part from the wages of the employee and that the employee is no longer in the employment of the employer, waive the payment of that portion of the additional contributions that the employer is unable to so recover.[22/90; 27/92]Agreement by statutory body to pay excess contributions deemed void8. Any agreement made between any statutory body specified in the First Schedule and any of its employees under which that body is liable to pay any contribution to the Fund in respect of that employee in excess of the amount prescribed as payable for that employee shall, in so far as it relates to such liability, be void and of no effect.[32/84; 27/92]Payment of interest on contributions in arrears9.—(1) Where the amount of the contributions which an employer is liable to pay under section 7 in respect of any month is not paid within such period as may be prescribed, the employer shall be liable to pay interest on the amount for every day the amount remains unpaid commencing from the first day of the month succeeding the month in respect of which the amount is payable and the interest shall be calculated at the rate of 1 1/2% per month or the sum of $5, whichever is the greater.(2) Where the amount of the contributions a person is liable to pay under any regulations made under section 77(1)(e) is not paid within the time prescribed for payment, that person shall be liable to pay interest on that amount for every day the amount remains unpaid at such rate and commencing from such date as may be prescribed.[27/92](3) The Board may, in any case in which it thinks fit, waive the payment of the whole or part of, or remit in whole or in part, any interest due or paid under subsection (1) or (2).[27/92]Expenses10. All expenses incurred by the Board including the cost of auditing the accounts of the Fund as provided for in the Second Schedule shall be defrayed out of the moneys of the Fund.[27/92]Financial provisions11. The financial provisions set out in the Second Schedule shall apply to the Board.[27/92]Contributions to be paid into Fund12.—(1) All sums recovered or collected on account of contributions to the Fund under this Act shall be paid into or carried to the Fund in such manner as may be prescribed.(2) The Board shall cause to be credited to each member of the Fund —
(a)the amount of every contribution paid to the Fund for him;[57/2007 wef 01/01/2008]
(b)the interest payable to him under section 6(4); and
(c)any additional interest payable to him under section 6(4B).Crediting of contributions and interest into subsidiary accounts, etc.13.—(1) Subject to subsections (7A) to (7G), there shall be maintained for each member in respect of the money standing to his credit in the Fund the following subsidiary accounts:
(a)an ordinary account from which, apart from subsection (7) and sections 15(2), (3), (4) and (5), 18, 18A, 18B, 18C, 22, 27B, 32 and 45 but subject to sections 14, 14A and 15A, withdrawals may be made in accordance with any regulations made under section 51(b) or 77(1)(h), (i), (n) or (r);[31/2003 wef 01/07/2004][40/2007 wef 01/10/2007][15/2006 wef 01/07/2006]
(b)a medisave account from which, apart from subsection (6) and sections 15(2), (3), (4) and (5), 16A, 27B and 54, withdrawals may be made in accordance with any regulations made under section 77(1)(j) and (k); and[24/2005 wef 22/08/2005][15/2006 wef 01/07/2006][40/2007 wef 01/10/2007]
(c)a special account from which no withdrawal may be made except under subsection (7) or section 15(2), (3), (4) or (5), 17, 18, 18A, 18C, 19A, 27B or 45 or in accordance with any regulations made under section 77(1)(n) or (oa). [15/2006 wef 01/07/2006][40/2007 wef 01/10/2007][40/2007 wef 01/01/2008][25/2008 wef 01/11/2008][32/84; 16/86; 5/87; 23/89; 30/89; 27/92; 10/94; 12/99; 39/2000][22/2010 wef 01/01/2011](2) Every ordinary account, medisave account and special account which was maintained by the Board for a member before 28th September 1984 shall be deemed to have been validly maintained. [32/84](3) All moneys standing to the credit of a member in his special account as at 1st April 1984 shall be deemed to have been transferred to his medisave account except where the member is entitled at that date to withdraw such money under section 15. [32/84](4) The Board shall credit to the accounts of a member specified in subsection (1), in such manner as the Minister may direct, every contribution paid into the Fund for the member under —
(a)section 7;
(b)any regulations made under section 77(1)(e); or
(c)such other provision as the Minister may prescribe.(4A) The Minister may give different directions in respect of different classes of members under subsection (4).(5) The Board shall credit to each account of a member the interest referred to in section 6(4) on the amount standing to the credit of the member in that account.(5A) Where any additional interest is payable to a member under section 6(4B) —
(a)the Board shall credit the additional interest into one or more of the member’s ordinary account, medisave account, special account and retirement account (if any) in such manner as the Board may determine; and
(b)the Board may make different determinations under paragraph (a) in respect of different classes of members.(6) The Board shall transfer to one or more designated accounts of a member, in accordance with any regulations made under section 77(1)(ka), any amount standing to his credit in his medisave account which is in excess of such amount as the Minister may from time to time direct. [15/2006 wef 01/07/2006][16/86](7) Where there is no balance in the medisave account of a member, the Board may, upon application by the member and with the approval of the Minister, transfer to the medisave account of the member any amount standing to his credit in any designated account which had been transferred from the medisave account, including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made. [15/2006 wef 01/07/2006][57/2007 wef 01/01/2008][27/92](7A) The Board may transfer to a member’s ordinary account, in accordance with any regulations made under section 77(1), any amount standing to his credit in the Fund, if —
(a)the member’s accounts in the Fund are deemed to be dormant, and such period (as may be prescribed in those regulations) after the day the member’s accounts in the Fund are deemed to be dormant has passed; or
(b)the member has died, and such period (as may be prescribed in those regulations) after the day of his death has passed.(7B) The Board may transfer to the general moneys of the Fund, in accordance with any regulations made under section 77(1), any amount standing to a member’s credit in the Fund, if —
(a)the member’s accounts in the Fund are deemed to be dormant, and the 7th anniversary of the day the member’s accounts in the Fund are deemed to be dormant has passed; or
(b)the member has died, and the 7th anniversary of the day of his death has passed.(7C) Where the Board has transferred any amount standing to a member’s credit in the Fund to his ordinary account under subsection (7A)(a) or to the general moneys of the Fund under subsection (7B)(a) or any regulations made under section 77(1) —
(a)the Board shall restore the transferred amount (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made) to the member’s account in the Fund from which that amount had been transferred, if the Board is satisfied that the member was still alive at the time of the transfer;
(b)if the Board is served with an order of court referred to in section 27B awarding any amount to be paid out from the money standing to the credit of the member in the Fund (including any money which is payable or repayable to the Fund to the credit of the member) —
where the amount awarded under the order of court exceeds the amount standing to the member’s credit in the Fund (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made), the Board shall restore the latter amount (including interest) to the member’s account in the Fund from which that amount had been transferred; or
where the amount awarded under the order of court does not exceed the amount standing to the member’s credit in the Fund (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made), the Board shall restore the former amount to the member’s account in the Fund from which that amount had been transferred; and
(c)the Board may restore the whole or any part of the transferred amount (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made) to the member’s account in the Fund from which that amount had been transferred in such other circumstances as may be prescribed in any regulations made under section 77(1).(7D) Where the Board has transferred any amount standing to a member’s credit in the Fund to his ordinary account under subsection (7A)(b) or to the general moneys of the Fund under subsection (7B)(b) or any regulations made under section 77(1), the Board may restore the whole or any part of that amount (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made) to the member’s account in the Fund from which that amount had been transferred in such circumstances as may be prescribed in any regulations made under section 77(1).(7E) Where the Board is unable to ascertain a member’s identity, the Board may transfer to the general moneys of the Fund, in accordance with any regulations made under section 77(1), any amount standing to his credit in the Fund.(7F) Where, after the Board has transferred any amount standing to a member’s credit in the Fund to the general moneys of the Fund under subsection (7E) or any regulations made under section 77(1), the Board ascertains the identity of the member, the Board shall restore that amount (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made) to the member’s account in the Fund.(7G) Subsections (7A) to (7F) do not preclude, and do not affect the validity of, any transfer to the general moneys of the Fund, whether before, on or after the date of commencement of section 4(b) of the Central Provident Fund (Amendment) Act 2010, under any regulations made under section 77(1), of any amount standing to a member’s credit in the Fund.(8) In this section, “designated account”, in relation to a member, means such ordinary account, special account or retirement account (if any) of the member as may be prescribed by any regulations made under section 77(1)(ka).Power to impose conditions relating to contributions by self-employed persons13A.—(1) Any power to register, license or maintain the particulars of any person, or to grant, renew or reinstate any registration, licence, certificate or permit, under any Act specified in the Third Schedule shall include a power to impose conditions relating to the payment of contributions into the Fund, pursuant to any regulations made under section 77(1)(e), such contributions to be credited —
(a)to the medisave account of the person, applicant, registrant, licensee or holder of the certificate or permit, as the case may be; or
(b)as otherwise provided under section 13(4).[18/2009 wef 20/08/2009][22/2010 wef 01/10/2010](1A) The Board may give, to any person entitled to exercise any power referred to in subsection (1), such information concerning any member of the Fund as may be necessary to facilitate the exercise of that power by that person in relation to that member.(2) The Minister may, by notification in the Gazette, amend the Third Schedule.[27/92]Voluntary contributions13B.—(1) Notwithstanding anything in this Act but subject to any regulations made under section 77 —
(a)a person who is a citizen or permanent resident of Singapore in respect of whom no contribution is required to be paid under this Act may contribute voluntarily to the Fund in such manner and at such rate as the Minister may direct; and
(b)the Board shall credit every contribution received under paragraph (a) into an ordinary account, a medisave account or a special account, for the purposes specified in section 13(1), in such manner as the Minister may direct, and the Minister may give different directions in respect of different classes of members. [30/98](2) The amount which a person may contribute voluntarily under subsection (1) or section 7(4) shall not exceed the sum of $28,800 in any year or such other sum as the Minister may, from time to time, prescribe by notification in the Gazette.(3) For the purpose of computing the sum referred to in subsection (2) in any year —
(a)the following amounts shall be included:
the amount contributed by a person in that year which is obligatory under this Act; and[40/2007 wef 01/01/2008][25/2008 wef 01/11/2008]
subject to paragraph (b)(ii), any voluntary contribution paid by the employer of that person under section 7(4)(c) in that year; and
(iii)[Deleted by Act 25/2008 wef 01/11/2008]
(b)the following amounts shall be excluded:
any contribution made by a person in that year under sections 73 and 79; [40/2007 wef 01/10/2007]
(ia)[Deleted by Act 25/2008 wef 01/11/2008]
any voluntary contribution made in that year by the employer of that person under section 7(4)(c) specifically for the purposes of that person’s medisave account, where such voluntary contribution does not exceed $1,500; and[40/2007 wef 01/10/2007]
any contribution made in that year by that person or any other person under section 27B, 27C, 27D, 27E or 27F or under any regulations referred to in section 27G or 27H.[31/2003 wef 01/01/2004]
(4) [Deleted by Act 25/2008 wef 01/11/2008]
(5) [Deleted by Act 25/2008 wef 01/11/2008]Payment of cash grant by Government into Fund14.—(1) The Board may after 1st June 1984 accept any cash grant made by the Government for the benefit of any person who qualifies for such grant under any approved scheme, and the Board shall credit the cash grant into such account of that person as the Minister may direct.[32/84; 31/95](2) Any cash grant paid into the Fund under subsection (1) shall be deemed to be contributions for the purposes of this Act and such cash grant or interest thereon may be withdrawn under the provisions of this Act for such purposes and in such manner as may be prescribed by the regulations.[31/95](3) Notwithstanding anything in this Act, the Board shall be entitled to recover on behalf of the Government any cash grant paid into the Fund for the benefit of any person, together with any interest which he is liable to pay the Government under the terms of the cash grant, from any money standing to the credit of that person in the Fund if he —
(a)has obtained the cash grant by means of any false or misleading statement or any document that is false or misleading in any particular; or
(b)has committed a breach of any of the terms and conditions of the cash grant.[32/84](4) Any money recovered by the Board from any person under subsection (3) shall be refunded forthwith to the Government.[32/84](5) In this section —
“approved scheme” means a scheme approved by the Minister;
“cash grant” means a cash grant made by the Government under any approved scheme.Loan by Government to member14A.—(1) The Board may, from time to time, accept moneys lent by the Government to any member of the Fund pursuant to any approved loan scheme.[12/99](2) The Board shall credit the moneys lent to any member under subsection (1) into the ordinary account of that member.[12/99](3) Any moneys paid into the Fund under subsection (2) shall be deemed to be contributions for the purposes of this Act and those moneys or interest thereon may be withdrawn under the provisions of any regulations made under this Act for such purposes and in such manner as may be prescribed by the regulations.[12/99](4) Notwithstanding anything in this Act, the Board may allow a member who has taken a loan from the Government pursuant to an approved loan scheme to withdraw any part of the contributions and interest standing to his credit in the Fund for the repayment of the loan and the payment of any interest or other charges which the member may from time to time be liable to pay to the Government under the terms and conditions of that loan.[12/99](5) The Board shall be entitled to receive any repayment and payment under subsection (4) on behalf of the Government.[12/99](6) Notwithstanding anything in this Act, the Board shall be entitled to recover on behalf of the Government any moneys lent to a member pursuant to any approved loan scheme and which have been paid into the Fund for the benefit of the member under subsection (2), together with any interest and other charges which the member is liable to pay to the Government under the terms and conditions of the loan from any money standing to the credit of the member’s accounts in the Fund if the member —
(a)fails to pay any sum under the loan when due; or
(b)is in breach of any other term or condition of the loan.[12/99](7) Any moneys received or recovered by the Board from any member under subsection (5) or (6) shall be refunded immediately to the Government.[12/99](8) In this section, “approved loan scheme” means a loan scheme approved by the Minister.[12/99]