Singapore legislation
Clause 12
Clause 12
Validation of sum paid as interest on sum payable for breach of condition of remission
(1)
This section applies to any sum purportedly paid, collected or recovered before the date of commencement of section 9 as interest on an amount that is recoverable for the breach of a condition for the reduction or remission of any duty on an instrument, being interest that is imposed under another condition for such reduction or remission.
(2)
Such payment, collection or recovery is taken to have been validly made as if section 9 were in force at the material time, and no legal proceedings may be instituted on or after 6 August 2018 on account of such payment, collection or recovery.