8. Section 16 of the principal Act is amended —
(a)
by deleting the words “section 15(2)(a), (d) or (e) or (3)” in subsection (1) and substituting the words “section 15(2)(a), (d), (e), (f) or (g), (3) or (4)”; and
(b)
by deleting subsection (2) and substituting the following subsection:
“(2) Where the amount in a member’s medisave account exceeds the prescribed amount —
(a)
if the member is required to top-up the minimum sum under section 15(6)(a), the amount in excess of the prescribed amount (referred to in this subsection as the excess amount) shall be applied to meet any shortfall in the minimum sum, and any balance of the excess amount may be withdrawn under section 15(3) or (4);
(b)
if the member is required to set aside or top-up in his retirement account the amount referred to in section 15(2A)(a), the excess amount shall be applied to meet any shortfall in that amount, and any balance of the excess amount may be withdrawn under section 15(2)(d), (e) or (f);
(c)
if the member is required to set aside or top-up in his retirement account the amount referred to in section 15(7B)(a) or (8A)(a), the excess amount shall be applied to meet any shortfall in that amount, and any balance of the excess amount may be withdrawn under section 15(2)(a), (3) or (4); or
(d)
in any other case, the excess amount may be withdrawn under section 15(2)(a) or (g), (3) or (4).”.