On 23/05/2013,
you requested for the version in force on 23/05/2013
incorporating all amendments published on or before 23/05/2013.
The closest version currently available is that of 31/12/2009.
5. Section 10L of the principal Act is amended —
(a)
by inserting, immediately after subsection (6), the following subsections:
“(6A) Where an SRS member —
(a)
made his first withdrawal under subsection (3)(b); and
(b)
subsequently made one or more contributions to his SRS account during the period from 1st October 2008 to 31st December 2008 (both dates inclusive),
then —
(i)
any withdrawal made under subsection (3)(b) prior to the date of the first of his contributions referred to in paragraph (b) shall be disregarded for the purpose of determining the period referred to in subsection (5); and
(ii)
the date of his first withdrawal made under subsection (3)(b) after the date of the first of his contributions referred to in paragraph (b) shall be deemed to be the date he made his first withdrawal under subsection (3)(b) for the purpose of determining the period referred to in subsection (5).
(6B) Where an SRS member —
(a)
had made one or more withdrawals under subsection (3)(b) of all the funds standing to his SRS account and had closed his SRS account (referred to in this subsection as the first SRS account); and
(b)
subsequently opened another SRS account during the period from 1st October 2008 to 31st December 2008 (both dates inclusive) (referred to in this subsection as the second SRS account),
then —
(i)
the reference to the date he made his first withdrawal under subsection (3)(b) for the purpose of determining the period referred to in subsection (5) shall be read as a reference to the date he makes his first withdrawal after he opened the second SRS account; and
(ii)
for the purposes of subsection (1) and section 39(2)(o), both the first SRS account and the second SRS account shall be deemed to be the same account as if the first SRS account had never been closed.”;
(b)
by deleting the words “and closed” in subsection (13) and substituting the words “and subsequently closed”; and
(c)
by inserting, immediately after subsection (13), the following subsection:
“(14) In this section, unless the context otherwise requires —
(a)
a reference to an SRS member making a contribution to his SRS account includes his employer making a contribution to that account on his behalf; and
(b)
a reference to a contribution of an SRS member to his SRS account includes a contribution by his employer to that account on his behalf.”.