Sri Lanka Consolidated Acts

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Employees' Trust Fund (Amendment) Act (No. 3 of 1982) - Sect 5

Replacement of section 21 of the principal enactment. [5,3 of 1982]

5. Section 21 of the principal enactment is hereby repealed and the following section substituted therefor:
21.
(1) No monies lying to the credit of the individual account of any member of the Fund shall be paid until the expiry of a period of two years from the date of establishment of the Fund.
(2) On the expiry of the period of two years referred to in subsection (1), a member shall be paid the total amount lying to the credit of his individual account subject to the provisions of sections 23, 24 and 25.
(3) Notwithstanding the provisions of subsections (1) and (2), the total amount of monies lying to the credit of the individual account of any member who is to be repatriated under the Indo-Ceylon Agreement (Implementation) Act No. 14 of 1967, shall be paid to such member prior to the date of his departure from Sri Lanka.".


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