s 21D Deemed undertaking by subsequent owner of immovable property with relevant undertaking
21D.—(1) Subject to regulations made under section 77(1), every person, on becoming a joint tenant or a tenant-in-common of an immovable property (whether before, on or after the date of commencement of section 29 of the Central Provident Fund (Amendment) Act 2024) in respect of which there is a relevant undertaking for a refund or payment, is deemed to have given an undertaking for the refund or payment to be made from the proceeds of the disposal of the immovable property in the event that the immovable property is subsequently disposed of. (2) The applicable provisions apply to the deemed undertaking under subsection (1), as they would have applied to the relevant undertaking, with the modifications (if any) prescribed by regulations made under section 77(1). (3) Where, before the date of commencement of section 29 of the Central Provident Fund (Amendment) Act 2024 —(a) a refund or payment under a relevant undertaking in respect of an immovable property was made from any person’s share of the proceeds of the disposal of the immovable property; and (b) that refund or payment would have been valid if this section had been in force when the person mentioned in paragraph (a) acquired his or her interest or estate in the immovable property, then the following apply: (c) the refund or payment is taken to be and always to have been validly made; (d) no legal proceedings lie, or may be instituted or maintained, in any court of law on account of or in respect of such refund or payment. (4) To avoid doubt, where the relevant undertaking is an undertaking mentioned in paragraph (c) or (d) of the definition of “relevant undertaking” in section 21E(1), references in this section to immovable property refer to the replacement property the proceeds of disposal from which the corresponding payment is undertaken to be paid under the relevant undertaking.[Act 33 of 2024 wef 01/04/2026]