s 75 Transactions by Board on or after member’s death
75.—(1) The Board may, before being notified of a member’s death, do anything that the Board is required or empowered to do under this Act or a relevant Act as if the member has not died. (2) Despite being notified of a member’s death and subject to regulations made under section 77(1), the Board may do any of the following things that the Board is required or empowered to do under this Act or a relevant Act as if the member has not died:(a) approve and give effect to applications permitted under this Act or a relevant Act made by or for the member; (b) in relation to any insurance scheme referred to in this Act or a relevant Act —(i) issue, renew or reinstate the insurance cover for any insurance period starting before the member’s death; (ii) deduct premiums for any insurance period starting before the member’s death from moneys standing to the credit of the member in the Fund; or (iii) pay refunds in the manner provided under this Act or a relevant Act, as the case may be; (c) do any of the following transactions:(i) permit a withdrawal under section 16A; (ii) a transaction under section 13(7H), (7HA), (7HB) or (7I) or 71;[Act 33 of 2024 wef 19/01/2025] (iia) a transaction under section 13AA or in accordance with that section;[Act 33 of 2024 wef 19/01/2025] (iii) a refund under section 19; (iv) the crediting of any sum under section 19(2) or (6) or 19A(2) or (6), as in force immediately before 1 April 2022; (v) a refund or payment under section 19D; (vi) a transfer or payment under section 14(3C) or 27B; (vii) the recovery of moneys by the Board under section 14(3) or (3A), 27N(4) or 57C(5) or (6); (viii) make any payment, transfer, withdrawal, deduction or refund under this Act that is specified in regulations made under section 77(1) for the purposes of this paragraph; (d) make any other payment, transfer, withdrawal, deduction or refund under this Act or a relevant Act —(i) to correct any mistake or error; (ii) that the Board cannot stop for practical or operational reasons; (iii) that would benefit the member (if he or she had not died) or an intended beneficiary; or (iv) that is necessary or incidental to a transaction permitted under paragraph (a), (b), (c) or (d)(i), (ii) or (iii). (3) Where the Board has done anything (whether before, on or after the date of commencement of section 30 of the Central Provident Fund (Amendment) Act 2023) on or after a member’s death as if the member has not died —(a) the Board may reverse the act to the extent that it is expedient; and (b) no legal proceedings may be instituted in any court of law on account of or in respect of the reversal. (4) Where the Board has done any act before the date of commencement of section 30 of the Central Provident Fund (Amendment) Act 2023 (called in this subsection the past act) which would be permitted if done under subsection (1), (2) or (3) on that date —(a) the past act is and is taken always to have been validly done; and (b) no legal proceedings may be instituted in any court of law on account of or in respect of the past act. (5) Subsections (1) to (4) do not affect any recourse that any person may have against another person to whom the Board has paid any money or transferred any designated shares by an act permitted or validated by this section. (6) Where the Board or any other person has a duty, power or right to carry out any transaction on or after a member’s death under any written law or rule of law, this section does not prevent the Board or that person (as the case may be) from carrying out that transaction. (7) In this section —“intended beneficiary” means —(a) any person nominated by a member by a memorandum under section 25(1) or either of their estates; (b) a beneficiary mentioned in section 25A; or (c) any other person specified in regulations made under section 77(1) for the purposes of subsection (2)(d)(iii); “relevant Act” means the CareShield Life and Long-Term Care Act 2019 or the MediShield Life Scheme Act 2015.[Act 36 of 2023 wef 01/07/2024]