Central Provident Fund Act 1953 s 16

s 16 Restrictions on withdrawal from medisave account

16.—(1) A member of the Fund is not entitled to withdraw any sum standing to the credit of the member in the member’s medisave account under section 15(2)(a) or (3).[26/2016] (2) A member of the Fund is not entitled to withdraw any sum standing to the credit of the member in the member’s medisave account under section 15AA(1), except with the Minister’s approval.[26/2016] [Act 39 of 2021 wef 01/03/2022] (3) The Board must not allow a member of the Fund to withdraw any sum standing to the credit of the member in the member’s medisave account under section 15(4).[26/2016]

Read this section in the full act → · Open PART 3 →

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.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next

Central Provident Fund Act 1953, full textChapter navigation and full text, so you can read this section in contextSingapore legislation Singapore Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year PART 3 — WITHDRAWAL OF CONTRIBUTIONS — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections