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]
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