Section 20
Section 70c of the principal Act is amended—
of Employees Provident Fund (Amendment) Act 2016
(a)
by renumbering the existing section as subsection (1);
(b)
in the renumbered subsection (1)—
(i)
in paragraph (b), by deleting the word “or” at the end of that paragraph;
(ii)
in paragraph (c), by substituting for the full stop at the end of that paragraph the words “; or”;
and
(iii)
by inserting after paragraph (c) the following paragraph:
“(d) the member of the Fund has attained the age of fifty-five years.”; and
(c)
by inserting after subsection (1) the following subsections:
“(2) Where a member of the Fund who is not a Malaysian citizen has made a withdrawal of all amount standing to his credit under paragraph (1)(d), the member of the Fund shall not be treated as an employee under this Act unless he has given to the
Board and his employer a notice as may be prescribed by the Board of his intention to contribute to the Fund.
(3)
Subject to subsections 59(1a) and (3), the Board may authorize an application by a member of the Fund who is not a Malaysian citizen to withdraw part of the amount standing to his credit for the purposes of withdrawal under subsection 54(6) upon any terms and conditions as may be prescribed by the Board.”.