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← Central Provident Fund Act 1953

Central Provident Fund Act 1953 s 15A

Central Provident Fund Act 1953 s 15A

s 15A Restrictions on withdrawals to ensure repayment of approved loan

15A. Despite anything in sections 15, 15AA and 15AB, a member of the Fund is not entitled to withdraw from the Fund any sum standing to the member’s credit under section 15(2)(b) or 15AA(1) unless the Board is satisfied that all moneys lent to the member pursuant to any approved loan scheme within the meaning of section 14A and which have been paid into the Fund under section 14A(2) for the benefit of the member, together with any interest and other charges which the member is liable to pay to the Government under the terms and conditions of the loan, have been repaid to the Government.[Act 39 of 2021 wef 01/03/2022] [Act 36 of 2023 wef 01/04/2024]

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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