Singapore Statutes Online - 36 - Central Provident Fund Act

Central Provident Fund Act
(CHAPTER 36)

Part I PRELIMINARY

1 Short title

2 Interpretation

3 Establishment and constitution of Central Provident Fund Board

4 Membership of Board

4A Appointment of officers and employees

5 Appointment of inspectors

5A Budget

5B Issue of shares, etc.

5C Symbol or representation of Board

Part II CONTRIBUTIONS TO FUND

6 Establishment of Central Provident Fund

7 Rates of contributions

8 Agreement by statutory body to pay excess contributions deemed void

9 Payment of interest on contributions in arrears

10 Expenses

11 Financial provisions

12 Contributions to be paid into Fund

13 Crediting of contributions and interest into subsidiary accounts, etc.

13A Power to impose conditions relating to contributions by self-employed persons

13B Voluntary contributions

14 Payment of cash grant by Government into Fund

14A Loan by Government to member

Part III WITHDRAWAL OF CONTRIBUTIONS

15 Authorisation and conditions for withdrawal from Fund

15A Restrictions on withdrawals to ensure repayment of approved loan

15B Setting aside additional sum

16 Restrictions on withdrawal from medisave account

16A Withdrawal from medisave account of deceased member for medical treatment, etc., received by him

17 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 account

18A Transfer of member’s moneys in ordinary account or special account to retirement account

18B Transfer of member’s moneys in ordinary account to special account

18C Transfer of member’s moneys in ordinary or special account to medisave account

19 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 Withdrawals

21 Charge on immovable property to secure repayment of withdrawals from Fund

21A Registration of charge on immovable property to secure repayment of withdrawals from Fund before 1st June 1981

21B Charge on HDB flats to secure repayment of withdrawals from Fund

22 Withdrawals for payment of tuition fees at approved educational institution

23 Regulations for purposes of section 22

24 Protection of benefits

25 Moneys payable on death of member

26 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 dormant

26C Payment of dividends, etc., in respect of certain shares before Board is notified of death of member

26D Payment of dividends, etc., in respect of certain shares after Board is notified of death of member

27 Withdrawals by undischarged bankrupts

Part IIIA DIVISION OF FUND-RELATED ASSETS IN MATRIMONIAL PROCEEDINGS

27A Interpretation of this Part

27B Order of court for transfer or payment of money standing to credit of member

27C 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) exists

27F 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 investments

27H Order of court for sale of investments

27I Miscellaneous matters

Part IIIB LIFELONG INCOME SCHEME

27J Interpretation of this Part

27K Establishment of Lifelong Income Scheme

27L Premium

27M Minister may delegate functions and powers under sections 27K(6) and 27L(1) and (1A)

27N Establishment of Lifelong Income Fund

27O Non-application of Insurance Act

27P Order of court for payment of moneys received by relevant member under Scheme

27Q Regulations for purposes of this Part and section 6(4B)(a)(ii)

Part IV HOME PROTECTION INSURANCE SCHEME

28 Interpretation of this Part

29 Establishment of Home Protection Insurance Scheme

30 Double insurance cover under Scheme prohibited

31 Medical condition of member of Scheme

32 Premium

33 Establishment of Home Protection Fund

34 (Repealed)

35 (Repealed)

36 Amount payable by Board to Housing Authority or approved mortgagee on death or incapacity of member of Scheme

37 Housing Authority or approved mortgagee to send notice to Board on payment of premium

38 Non-application of Insurance Act

39 Regulations for purposes of this Part

Part V DEPENDANTS’ PROTECTION INSURANCE SCHEME

40 Interpretation of this Part

41 Establishment of Dependants’ Protection Insurance Scheme

42 Persons insured under Scheme

43 Board may cancel insurance cover

44 Board may require insured person to furnish information

45 Premium

46 (Repealed)

47 Period of cover

48 Rights and benefits under Scheme not assignable or transferable

48A Insurance policy under Scheme not to create trust

49 Amount payable on death or incapacity of insured person

49A Transfer of Board’s liabilities under Scheme

49B Application of moneys in dissolved Dependants’ Protection Insurance Fund, etc.

49C Disclosure of information

50 Non-application of Insurance Act

51 Regulations for purposes of this Part

Part VI MEDISHIELD SCHEME

52 Interpretation of this Part

53 Establishment of MediShield Scheme

54 Premium

55 General obligation of insured person to furnish information

56 Establishment of MediShield Fund

56A Transfer of liabilities under Scheme

56B Non-application of Insurance Act

57 Regulations for purposes of this Part

Part VIA WORKFARE INCOME SUPPLEMENT SCHEME

57A Interpretation of this Part

57B Establishment of Workfare Income Supplement Scheme

57C Cash payments and contributions under Scheme

57D Recovery of cash payment, etc., upon conviction

57E Certificate of Board on amount of cash payment, etc.

57F Regulations for purposes of this Part

Part VII OFFENCES, PENALTIES AND PROCEEDINGS

58 Offences

58A Offences relating to investments

59 Publication of information to unauthorised person, etc.

60 Offences by corporations

61 General penalties

61A Jurisdiction of court

61B Recovery of contributions, etc., upon conviction

62 Notice to attend court

62A Service of notice and summons

63 Composition of offences

64 Saving of proceedings under other laws

65 Recovery of sums due to Fund

66 Certificate of authorised officer to be evidence

66A Certificate of Board

67 Conduct of prosecutions

Part VIII MISCELLANEOUS

68 Protection of employee’s or member’s interest in execution proceedings and sale under mortgage or charge

69 Power to exempt

70 Application made, or information furnished, to Board by approved caregiver, etc.

71 (Repealed)

72 Refund of contributions to Government

73 Transfer to Fund from provident fund or other scheme

74 Refund or payment of contributions paid in error

75 Refund or payment of excess contributions on additional wages

75A Refund of excess contributions paid by self-employed person who has died

75B Refund or payment of excess voluntary contributions where member has died

76 Board may engage in activities not directly related to Fund and may call for information

77 Regulations and rules

78 Regulations and rules to be presented to Parliament

79 Reciprocal agreements

FIRST SCHEDULE Rates of Contribution

SECOND SCHEDULE Financial Provisions

THIRD SCHEDULE Specified Acts Relating to Self-employed Persons

Legislative History

Comparative Table

THIRD SCHEDULE

Specified Acts Relating to
Self-employed Persons

1. Animals and Birds Act (Cap. 7).

2. Arms and Explosives Act (Cap. 13).

3. Appraisers Act (Cap. 16).

[25/2010 wef 22/10/2010]

4. Business Registration Act (Cap. 32).

5. Child Care Centres Act (Cap. 37A).

6. Commodity Trading Act (Cap. 48A).

7. Control of Plants Act (Cap. 57A).

8. Control of Vectors and Pesticides Act (Cap. 59).

9. Customs Act (Cap. 70).

10. Electricity Act (Cap. 89A).

11. Employment Agencies Act (Cap. 92).

12. Environmental Protection and Management Act (Cap. 94A).

[26/2007 wef 01/01/2008]

13. Environmental Public Health Act (Cap. 95).

13A. Estate Agents Act 2010.

14. Workplace Safety and Health Act 2006.

15. Films Act (Cap. 107).

15A. Financial Advisers Act (Cap. 110).

16. Fisheries Act (Cap. 111).

17. Gas Act (Cap. 116A).

18. Homes for the Aged Act (Cap. 126A).

18A. Limited Liability Partnerships Act 2005 (Act 5 of 2005).

18B. Limited Partnerships Act 2008 (Act 37 of 2008).

19. Maritime and Port Authority of Singapore Act (Cap. 170A).

20. Deleted by S 457/2004, wef 22/12/2003.

21. Massage Establishments Act (Cap. 173).

22. Money-changing and Remittance Businesses Act (Cap. 187).

23. Moneylenders Act (Cap. 188).

24. Parking Places Act (Cap. 214).

25. Pawnbrokers Act (Cap. 222).

26. Planning Act (Cap. 232).

27. Postal Services Act (Cap. 237A).

28. Price Control Act (Cap. 244).

29. Private Security Industry Act 2007.

30. Public Entertainments and Meetings Act (Cap. 257).

31. Public Utilities Act 2001 (Act 8 of 2001).

32. Road Traffic Act (Cap. 276).

33. Rubber Industry Act (Cap. 280).

34. Sale of Food Act (Cap. 283).

35. Secondhand Goods Dealers Act 2007

36. Securities and Futures Act 2001

37. Sewerage and Drainage Act (Cap. 294).

38. Singapore Tourism Board Act (Cap. 305B).

39. Telecommunications Act (Cap. 323).

40. Wholesome Meat and Fish Act (Cap. 349A).

[27/92; 7/96; 43/99; 22/2000; S 34/93; S 520/99; S 258/2000; S 343/2000]