Singapore legislation

Clause 2

Amendment of section 15

Section 15 of the Stamp Duties Act (referred to in this Act as the principal Act) is amended —

(a)

by deleting the words “Article 3(a), (b) and (c)” in subsection (1) and substituting the words “Articles 3(a) and (c) and 9(c)”;

(b)

by deleting paragraph (b) of subsection (1) and substituting the following paragraph:“(b)the transfer, conveyance or assignment of any beneficial interest in any asset between —

(i)

companies which are associated in such manner as may be prescribed;

(ii)

registered business trusts which are associated in such manner as may be prescribed; or

(iii)

companies and registered business trusts which are associated in such manner as may be prescribed; or”; and

(c)

by deleting subsection (4) and substituting the following subsection:“(4) In this section —“firm” has the same meaning as in section 2(1) of the Business Registration Act (Cap. 32);“registered business trust” has the same meaning as in section 2 of the Business Trusts Act (Cap. 31A).”.

Read in full context — Stamp Duties (Amendment No. 2) Bill →