Singapore legislation
Section 91
Section 91
Exemption on application
(1)
The Minister may, upon the application of any person and the payment of such fees as may be prescribed, issue a certificate to exempt, with or without conditions, any person from all or any of the provisions of this Act.
(2)
Every exemption under subsection (1) —
may in the first instance be valid for a period of 3 years or less from the date of the grant of exemption;
may, upon payment of the prescribed fee, be extended thereafter, with or without additional conditions, for further periods not exceeding 3 years at a time; and
need not be published in the Gazette.
(3)
Any person who desires to apply for or extend an exemption must submit an application to the Registrar in such form and manner, and must furnish the Registrar with such information, as the Registrar may require.
(4)
Any person who has been granted an exemption under this section and desires to apply to the Minister to vary or revoke any of the existing conditions of the exemption must —
submit an application to the Registrar in such form and manner, and furnish the Registrar with such information, as the Registrar may require; and
pay such fee as may be prescribed for the making of the application.
(5)
The Minister may prescribe different fees in respect of different classes or descriptions of persons for the purposes of this section.
(6)
An application for the extension of an exemption must be made not later than one month before the expiry of the exemption.
(7)
Any moneylender who makes an application for the extension of an exemption after the time limited under subsection (6) must pay a late extension fee not exceeding $50 for every day or part of a day that the application for extension is late, subject to a maximum of $1,500.
(8)
The Minister may at any time revoke, whether wholly or in part, any exemption granted to a person under subsection (1) by giving the person a written notice of revocation.
(9)
Without limiting subsection (8), the Minister may at any time revoke, whether wholly or in part, any exemption —
for the contravention of any condition of the exemption or any provision of this Act; or
if the Minister is satisfied that it is in the public interest to do so.
(10)
Any revocation, whether wholly or in part, of an exemption or a condition of exemption under this section, and any amendment of a condition of exemption under this section, do not affect any moneylending transaction entered into before the date of the revocation or amendment, as the case may be.[35