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In forceUpdated to 1 Oct 2025Read it in Bahasa Malaysia

Part VI · Withdrawal of Contributions

58. Payment of additional amount

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(1)

Where authority for withdrawal under paragraph 54(1)(a) is granted, the Board has a discretion to pay an additional amount as set out in the Fifth Schedule subject to any terms and conditions prescribed by the Board.

(1A)

(Deleted by Act A1300).

(2)

Where authority for withdrawal under paragraph 54(1)(c) has been granted, the Board has a discretion to pay an additional amount as set out in the Sixth Schedule subject to any terms and conditions prescribed by the Board.

(3)

A member of the Fund shall not be paid the additional amount under subsection (2) on any subsequent withdrawal under paragraph 54(1)(c).

Report

Part VII

Offences and Proceedings

Part VIII

Power to Make Regulations and Rules

Part IX

Repeal and Transitional Provisions

Schedules