REPUBLIC OF SINGAPORE
Published by Authority
|NO. 47]||Friday, December 14||[2001|
The following Act was passed by Parliament on 25th September 2001 and assented to by the President on 1st October 2001:—
Central Provident Fund (Amendment) Act 2001
(No. 34 of 2001)
S R NATHAN,
1st October 2001.
Date of Commencement: 1st January 2002
An Act to amend the Central Provident Fund Act (Chapter 36 of the 1999 Revised Edition).
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:
1. This Act may be cited as the Central Provident Fund (Amendment) Act 2001 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
2. Section 59 of the Central Provident Fund Act is amended by inserting, immediately after subsection (5), the following subsections:
“(6) The Board may, on the request by an insurer administering or operating an insurance scheme referred to in section 77(1)(ja), give to the insurer information, in the Board’s possession, on any member that the insurer requires for the purpose of administering or operating the insurance scheme, including information relating to the amount standing to his credit in his medisave account.
(7) The insurer may not use the information given under subsection (6) for any other purpose except —
for the purpose of determining whether a member is entitled to join the insurance scheme referred to in section 77(1)(ja); or
for any other purpose connected with the administration or operation of the insurance scheme.
(8) An insurer who knowingly contravenes subsection (7) shall be guilty of an offence.”.