s 22 Conditions for withdrawal from PSE Fund
22.—(1) Any money standing to the credit of any member of the PSE Fund in his or her PSE account may be withdrawn from that Fund with the authority of the PSE Scheme Administrator in accordance with this section, section 23 and any regulations made under section 35.[33/2014] (2) Subject to any regulations made under section 35, a parent of a member of the PSE Fund below 21 years of age, or a member of that Fund who has attained 21 years of age, is entitled to withdraw at any time the sum standing to the member’s credit in the member’s PSE account —(a) to pay for all fees and charges incurred or to be incurred in respect of any approved course of study or programme which is attended or to be attended by the member or any sibling of the member at any approved institution; and (b) for any other prescribed purpose. (3) Subject to any regulations made under section 35, the Minister may permit the withdrawal of the whole sum standing to the credit of a member of the PSE Fund in his or her PSE account —(a) upon an application by the member or, if the member is below 21 years of age, a parent of the member; and (b) if the Minister is satisfied that it is just and equitable to do so. (4) Upon withdrawal of the whole sum mentioned in subsection (3), the member’s PSE account is to be closed and the member ceases to be a member of the PSE Fund.[33/2014] (5) In subsection (2), “approved”, in relation to a course of study or programme or an institution, means approved by the Minister for the purposes of that subsection.[16D