Amendment of section 77
25.  Section 77 of the principal Act is amended —
(a)
by deleting paragraph (o) of subsection (1) and substituting the following paragraph:
(o)
for the purposes of sections 15(6) and 18 (1) and (1A) and, in particular, to prescribe —
(i)
the minimum sum referred to in section 15(6)(a), including different minimum sums for different classes of members;
(ii)
the method of computing the minimum sum; and
(iii)
the amount of the minimum sum which may be withdrawn, and the manner in which the minimum sum may be withdrawn, after a member has attained the age of 60 years or such other age as may be prescribed;”;
(b)
by inserting, immediately before paragraph (p) of subsection (1), the following paragraph:
(oa)
for the purposes of section 18(3) and (7) and, in particular, to prescribe —
(i)
the method of computing the amount of moneys which may be transferred to or paid into a special account under section 18(3); and
(ii)
the purposes for which any moneys transferred to or paid into a special account under section 18(3) which may be applied, the amount which may be applied for each such purpose, and the manner in which any such amount may be withdrawn;”;
(c)
by deleting the word “and” at the end of subsection (1)(r);
(d)
by inserting, immediately after paragraph (r) of subsection (1), the following paragraph:
(ra)
for the purposes of Part IIIA and, in particular, to prescribe —
(i)
the procedure and requirements for and manner of effecting, and any other matter relating to, the transfer of money standing to the credit of a member to any designated account of his spouse;
(ii)
the procedure and requirements for and manner of effecting, and any other matter relating to, the payment of money standing to the credit of a member to his spouse;
(iii)
any matter relating to the transfer (other than by way of sale) of a member’s estate or interest in any immovable property or HDB flat to his spouse pursuant to an order of court;
(iv)
any matter relating to the transfer of a member’s interest in any investment to his spouse under section 27G; and
(v)
any matter relating to the sale of a member’s interest in any investment under section 27H; and”;
(e)
by deleting “(6B)” in subsection (2)(c) and substituting “(6B)(a)”; and
(f)
by inserting, immediately after “(15)(e)(ii),” in subsection (2)(c), “27D (vi) (B),”.