Clause 6

by deleting the words “31st December 2011” in subsections (1)(b)(i) and (ii), (2C)(a) and (b), (2D)(a) and (b) and (16) (paragraph (a) of the definition of “qualifying project debt securities”) and substituting in each case the words “31st March 2017”;

by inserting, immediately after paragraph (jb) of subsection (1), the following paragraph:“(jc)any voluntary contribution in cash made in 2011 or any subsequent year by a person of a description prescribed by the Minister to the medisave account maintained under the Central Provident Fund Act (Cap. 36) of a self-employed individual, up to $1,500 less —

any previous contribution made to that medisave account in that year that is exempt from tax under this paragraph; and

any previous contribution made to that medisave account in that year which is not deemed to be income under section 10C(4):Provided that the amount of the voluntary contribution does not exceed the amount allowable under the Central Provident Fund Act and is within the medisave contribution ceiling prevailing at the time the contribution is made;”;

by deleting the words “31st December 2011” in subsection (1)(zj)(ii)(B) and (iii)(B) and substituting in each case the words “31st March 2017”;

by deleting the words “1st January 2012” in subsection (1)(zj)(ii)(B) and (iii)(B) and substituting in each case the words “1st April 2017”;

by deleting the word “and” at the end of subsection (1)(zm);

by deleting the full-stop at the end of paragraph (zn) of subsection (1) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(zo)any sum accrued to a woman on or after 1st January 2011 by way of maintenance in accordance with an order of court or deed of separation.”;

by inserting, immediately after subsection (12), the following subsection:“(12A) Every order made under subsection (12) which exempts from tax any income received by —

the trustee of a real estate investment trust; or

a company incorporated in Singapore the share capital of which is 100% owned by the trustee of a real estate investment trust on the date of commencement of the order,is, notwithstanding anything in that order, treated as revoked on 1st April 2015 unless revoked earlier; and any exemption granted under that order shall cease to apply to income received by such person on or after 1st April 2015.”;

by deleting subsection (13) and substituting the following subsections:“(13) An order made under subsection (12) may —

be either general or specific;

prescribe the conditions subject to which the income will be exempt from tax or be taxed at a concessionary rate of tax;

provide that the Minister may require all or any of the conditions referred to in paragraph (b) to be complied with to the satisfaction of the Comptroller;

prescribe a condition requiring the person to satisfy the Comptroller that all or any of the conditions referred to in paragraph (b) have been complied with before the income is received in Singapore.(13A) The conditions referred to in subsection (13) need not be included in the order for the purpose of publication in the Gazette.”; and

by inserting, immediately after the definition of “Islamic debt securities” in subsection (16), the following definition:“ “medisave contribution ceiling” has the same meaning as in section 39(13);”.