On 22/05/2013,
you requested for the version in force on 22/05/2013
incorporating all amendments published on or before 22/05/2013.
The closest version currently available is that of 12/12/2007.
5. Section 13 of the principal Act is amended —
(a)
by deleting subsections (4) and (5) and substituting the following subsections:
“(4) The Board shall credit to the accounts of a member specified in subsection (1), in such manner as the Minister may direct, every contribution paid into the Fund for the member under —
(a)
section 7;
(b)
any regulations made under section 77(1)(e); or
(c)
such other provision as the Minister may prescribe.
(4A) The Minister may give different directions in respect of different classes of members under subsection (4).
(5) The Board shall credit to each account of a member the interest referred to in section 6(4) on the amount standing to the credit of the member in that account.
(5A) Where any additional interest is payable to a member under section 6(4B) —
(a)
the Board shall credit the additional interest into one or more of the member’s ordinary account, medisave account, special account and retirement account (if any) in such manner as the Board may determine; and
(b)
the Board may make different determinations under paragraph (a) in respect of different classes of members.”;
(b)
by deleting the words “any interest which would have accrued” in subsection (7) and substituting the words “the whole or such part, as the Board may determine, of any interest that would have been payable”; and
(c)
by deleting the section heading and substituting the following section heading:
“Crediting of contributions and interest into subsidiary accounts, etc.”.