On 20/05/2013,
you requested for the version in force on 20/05/2013
incorporating all amendments published on or before 20/05/2013.
The closest version currently available is that of 05/12/2012.
12.
—(1) No approved person shall —
(a)
accept any payment out of or collude with any trustee of a Child Development Account to make withdrawals from the Account for any purpose other than that specified in regulation 9(1);
[S 226/2011 wef 01/05/2011]
(b)
cause or make withdrawals from a Child Development Account without the approval or authorisation of the trustee of that Account; or
[S 226/2011 wef 01/05/2011]
(c)
cause or make withdrawals from a Child Development Account after he has ceased to be an approved person.
[S 226/2011 wef 01/05/2011]
(2) Any person who contravenes paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.
(3) Paragraph (1)(b) does not apply to a withdrawal made by NETS.
[S 324/2008 wef 01/08/2008]