Source: http://statutes.agc.gov.sg/aol/search/display/view.w3p;orderBy=date-rev,loadTime;page=0;query=Id%3A%22a2f90810-30af-4bd8-b098-f2e82ebb95f3%22%20Status%3Apublished;rec=0
Timestamp: 2014-04-17 12:51:39
Document Index: 585803789

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 account or special account to medisave account19 Provisions relating to moneys transferred or paid to relevant individual’s, 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 relevant individual’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)27DA Order of court for transfer or sale of immovable property in relation to which charge has been created under section 15(11D) or (11E)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 Part and section 6(4B)(a)(ii)Part 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 Fund, etc.49C 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 Application made, or information furnished, to Board by approved caregiver, etc.71 (Repealed)72 Refund of contributions to Government73 Transfer to Fund from provident fund or other scheme74 Refund or payment of contributions paid in error75 Refund or payment of excess contributions on additional wages75A Refund of excess contributions paid by self-employed person who has died75B Refund or payment of excess voluntary contributions where member has died76 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
AmendedS 258/2000
1999 RevEd 15/03/2000
AmendedS 156/2000
AmendedAct 39 of 2000
AmendedAct 25 of 2008
AmendedS 315/2013
2013 RevEd 01/08/2013
AmendedAct 24 of 2013
AmendedS 843/2013
AmendedAct 24 of 2013Distribution 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)26.—(1) Upon the death of a member of the Fund who has executed a memorandum under section 25(1), such shares or class of shares in any approved corporation as the Minister may designate belonging to the member at the time of his death which were purchased from moneys withdrawn under this Act shall, notwithstanding any written or other law, vest in the Board and shall not form part of the estate of the deceased member. [31/95; 22/2010](2) The Board shall, as soon as practicable and subject to such terms and conditions as the Board may impose, transfer the shares vested in the Board under subsection (1) to the person or persons nominated by the deceased member to receive in his or their own right such portions of the shares as indicated in the memorandum executed under section 25(1) and the receipt of such person or persons shall be a discharge to the Board in respect of the shares. [31/95](2A) Where any document or information is necessary for effecting the transfer of any shares vested in the Board under subsection (1) to the person nominated to receive those shares, the Board may, by notice to any person who possesses that document or information, require that person to furnish that document or information to the Board within such reasonable period as may be specified in the notice.[22/2010](2B) Where a person nominated to receive any shares is entitled to receive any amount payable on the member’s death out of the Fund, the Board may deduct from that amount a sum for the payment of the whole or any part of any fee or charge in connection with the transfer of those shares to the nominated person.[22/2010](3) Notwithstanding subsection (2), the Board may sell any shares vested in the Board under subsection (1), in such manner and at such time as may be prescribed by any regulations made under section 77(1), if —
(f)there exist such other circumstances as may be prescribed in those regulations.[22/2010](4) Where the Board has sold, under subsection (3), any shares which a person is nominated to receive —
(b)the Board shall deal with the proceeds of the sale of the shares (after making any deduction under paragraph (a)) in accordance with subsections (4A), (4B), (4BA) and (4D).[22/2010; 20/2011](4A) Where the memorandum executed by the deceased member under section 25(1) provides for payment in accordance with section 25(1)(a)(i) (whether or not the person nominated to receive the shares is a citizen or permanent resident of Singapore), or where the memorandum executed by the deceased member provides for payment in accordance with section 25(1)(a)(ii) but the person nominated to receive the shares is not a citizen or permanent resident of Singapore —
the receipt of the Public Trustee for the proceeds of the sale of the shares, if paragraph (a)(ii) applies; (iii)
the receipt of the personal representatives of the deceased nominated person for the proceeds of the sale of the shares, if paragraph (a)(iii)(A) applies; or
the receipt of the proper claimant for the proceeds of the sale of the shares, if paragraph (a)(iii)(B) applies.[22/2010; 20/2011](4B) Where the memorandum executed by the deceased member under section 25(1) provides for payment in accordance with section 25(1)(a)(ii), and the person nominated to receive the shares is a citizen or permanent resident of Singapore —
(CB)if to the best of the Board’s knowledge the deceased nominated person does not have any personal representatives, and if the excess does not exceed such amount as the Minister may, by notification in the Gazette, specify, to a proper claimant; and
the payment of the amount referred to in paragraph (a)(ii) to the nominated person’s account and the receipt of the Public Trustee for the balance of the proceeds of the sale of the shares referred to in paragraph (a)(ii), if paragraph (a)(ii)(B) applies; (iii)
the payment of the amount referred to in paragraph (a)(ii) to the nominated person’s account and the receipt of the personal representatives of the deceased nominated person for the balance of the proceeds of the sale of the shares referred to in paragraph (a)(ii), if paragraph (a)(ii)(C)(CA) applies; or
the payment of the amount referred to in paragraph (a)(ii) to the nominated person’s account and the receipt of the proper claimant for the balance of the proceeds of the sale of the shares referred to in paragraph (a)(ii), if paragraph (a)(ii)(C)(CB) applies.[22/2010; 20/2011](4BA) Where the memorandum executed by the deceased member under section 25(1) provides for payment in accordance with section 25(1)(a)(iii) (whether or not the deceased member is a citizen or permanent resident of Singapore at the time of his death, whether or not the person nominated to receive the shares is a citizen or permanent resident of Singapore, and whether or not the certification under section 25(1C) issued in respect of the person remains in force) —
the receipt of the proper claimant for the proceeds of the sale of the shares, if paragraph (b)(iii)(B) applies.[20/2011](4C) Subsections (4A), (4B) and (4BA) shall not affect any recourse which any person may have against a proper claimant for any amount paid to the proper claimant under subsections (4A)(a)(iii)(B), (4B)(a)(ii)(C)(CB) and (4BA)(b)(iii)(B), respectively.[22/2010; 20/2011](4D) Where the Board is for any reason unable to deal with the proceeds of the sale of the shares (after making any deduction under subsection (4)(a)) in accordance with subsection (4A) or (4B), the Board shall pay those proceeds into the general moneys of the Fund.[22/2010](4E) For the avoidance of doubt, subsection (4D) does not preclude the Board from dealing with the proceeds of the sale of the shares (after making any deduction under subsection (4)(a)) in accordance with subsection (4A) or (4B) after those proceeds have been paid into the general moneys of the Fund.[22/2010](4F) For the purposes of subsection (4B)(a)(ii), the Minister may determine different maximum amounts for different classes of persons nominated to receive the shares.[22/2010](5) In this section —
“proper claimant” means a person who —(a)claims to be entitled to the proceeds of the sale of a deceased nominated person’s portion of the shares vested in the Board under subsection (1) or the balance thereof as executor of the deceased nominated person; or(b)claims to be entitled to the proceeds of the sale of a deceased nominated person’s portion of the shares vested in the Board under subsection (1) or the balance thereof (whether for his own benefit or not), and is the widower, widow, child, grandchild, parent, brother, sister, nephew, niece, grandparent, uncle or aunt of the deceased nominated person.[22/2010](6) A memorandum executed under section 25(1) by any member of the Fund shall, if valid immediately before 1st January 1996, be deemed to apply to any shares designated under subsection (1). [31/95](7) This section shall not apply to any member of the Fund who died before 1st January 1996. [31/95]