Employee Trust Act Formerly Known as Tabung Amanah Pekerja Act · s 20

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20.
Withdrawals
(1) Upon an application for the withdrawal of the sum of money standing to the credit of a member by a person entitled thereto under section 17, the Board may authorise the payment to the applicant of such sum as the member is entitled to withdraw from the Trust and any dividend calculated in accordance with section 14(2) up to the date of the authorisation:

Employee Trust

Provided that when —
(a) any contributions are due to be paid for a member in respect of any period ending not later than the last day of the month next following the date on which the withdrawal of the sum of money standing to his credit in the Trust is authorised; and
(b) the contributions are not paid to the Trust until after the date of authorisation, those contributions may in the discretion of the Board be treated as if they had been included in the amount standing to the credit of the member at the date of authorisation of withdrawal and paid to the applicant accordingly.
(2) All applications for withdrawal shall be supported by such evidence as may be prescribed and by such further evidence as the Board may reasonably require.
Non-withdrawal by member  [S 9/2024]

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s 20Withdrawals

(1)

Upon an application for the withdrawal of the sum of money standing to the credit of a member by a person entitled thereto under section 17, the Board may authorise the payment to the applicant of such sum as the member is entitled to withdraw from the Trust and any dividend calculated in accordance with section 14(2) up to the date of the authorisation:

Employee Trust

Provided that when —

(a)

any contributions are due to be paid for a member in respect of any period ending not later than the last day of the month next following the date on which the withdrawal of the sum of money standing to his credit in the Trust is authorised; and

(b)

the contributions are not paid to the Trust until after the date of authorisation, those contributions may in the discretion of the Board be treated as if they had been included in the amount standing to the credit of the member at the date of authorisation of withdrawal and paid to the applicant accordingly.

(2)

All applications for withdrawal shall be supported by such evidence as may be prescribed and by such further evidence as the Board may reasonably require.

Non-withdrawal by member [S 9/2024]