On 19/06/2013,
you requested for the version in force on 19/06/2013
incorporating all amendments published on or before 19/06/2013.
The closest version currently available is that of 18/09/2007.
6. Section 13B of the principal Act is amended —
(a)
by deleting the word “and” at the end of subsection (3)(a)(i);
(b)
by inserting, immediately after sub-paragraph (ii) of subsection (3)(a), the following sub-paragraph:
“(iii)
subject to subsections (4) and (5), any amount paid in that year by that person’s spouse or sibling into that person’s special account under section 18(3)(b); and”;
(c)
by deleting the word “and” at the end of subsection (3)(b)(i);
(d)
by inserting, immediately after sub-paragraph (i) of subsection (3)(b), the following sub-paragraph:
“(ia)
any amount paid in that year by that person into the special account of his spouse or sibling under section 18(3)(b);”;
(e)
by deleting the full-stop at the end of sub-paragraph (ii) of subsection (3)(b) and substituting the word “; and”, and by inserting immediately thereafter the following sub-paragraph:
“(iii)
any contribution made in that year by that person or any other person under section 27B, 27C, 27D, 27E or 27F or under any regulations referred to in section 27G or 27H.”; and
(f)
by inserting, immediately after subsection (3), the following subsections:
“(4) Where, in any year, the total of the amounts under subsection (3)(a)(i) and (ii) to be included for the purpose of computing the sum referred to in subsection (2) exceeds that sum —
(a)
the amount referred to in subsection (3)(a)(iii) shall not be included for that purpose; and
(b)
the Board may refund the whole or any part of the amount referred to in subsection (3)(a)(iii) to the person or persons who contributed to that amount, in the proportion in which each such person contributed to that amount.
(5) Where, in any year, the total of the amounts under subsection (3)(a)(i) and (ii) to be included for the purpose of computing the sum referred to in subsection (2) does not exceed that sum, but the total of the amounts under subsection (3)(a)(i), (ii) and (iii) exceeds that sum —
(a)
there shall be included for that purpose only such part of the amount referred to in subsection (3)(a)(iii) which is equal in quantum to the difference between that sum and the total of the amounts referred to in subsection (3)(a)(i) and (ii); and
(b)
the Board may refund the whole or any part of the remainder of the amount referred to in subsection (3)(a)(iii) to the person or persons who contributed to that amount, in the proportion in which each such person contributed to that amount.”.