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Contents

Part · Contributions to Trust

16. Payment of cash grant by Government into Trust

(1)

The Board may accept any cash grant made by the Government for the benefit of any person who qualifies for such grant under any scheme approved by the Minister; and the Board shall credit the cash grant into such account of that person as the Minister may direct.

Employee Trust

(1A)

Any cash grant paid into the Trust under subsection (1) shall be disbursed in accordance with the terms and conditions of the cash grant.

(2)

Any cash grant paid into the Trust under subsection (1)

is deemed to be contributions for the purposes of this Act, but such cash grant or dividend thereon shall not be withdrawn under any regulations made under section 38 unless those regulations expressly provide for the withdrawal of such cash grant.

(3)

Notwithstanding anything in this Act, the Board shall be entitled to recover on behalf of the Government any cash grant paid into the Trust for the benefits of any person, together with any service charge which he is liable to pay the Government under the terms and conditions of the cash grant, from any money standing to the credit of that person in the Trust if that person has —

(a)

obtained the cash grant by means of any false or misleading statement or any document that is false or misleading in any particular; or

(b)

committed a breach of any of the terms and conditions of the cash grant.

(4)

Any money recovered by the Board from any person under subsection (3) shall be refunded forthwith to the Government.

Report

Part

Withdrawal of Contributions

Part

Offences, Penalties and Proceedings

Part

General