Singapore Government
Link to AGC Website
Home | Search | Browse | Results | My Preferences
Slider
Left Corner
Print   Permalink
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 21/04/2011.
Slider
Transfer of balance standing in SRS accounts after deemed withdrawals
14.
—(1)  Where any sum standing in the SRS account of a deceased SRS member is deemed to be withdrawn under section 10L(9) of the Act, the SRS operator shall not transfer such sum out of the SRS account except with the approval of the Comptroller.
(2)  Where the balance remaining in the SRS account of an SRS member who is not a citizen of Singapore is deemed to be withdrawn under section 10L(6) or (7) of the Act and where such balance comprises solely of investments or deposits or both, the SRS operator shall not transfer such investments or deposits out of the SRS account without the approval of the Comptroller.
(3)  An SRS operator who contravenes paragraph (1) or (2) shall be guilty of an offence.