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(1) A scheme may terminate or suspend a member on any of the following grounds only:

(a) failure to pay contribution within ,the stipulated time;

(b) submission of false or fraudulent claim;

(c) commission of any act of fraud in relation to the scheme; or

(d) Non-disclosure of material information requested by the scheme.

(2) The Regulations may provide further for matters relating to termination or suspension of members of schemes.