Singapore legislation
Clause 32
Clause 32
Amendment of section 41
In section 41 of the principal Act —
in subsection (1), delete paragraph (d) and substitute —“(d)FPCC registry accounts in the Fixed‑Price Carbon Credits Registry;
ICC registry accounts in the International Carbon Credits Registry.”;
in subsection (2), delete “register of registry accounts for each registry account” and substitute “register of FPCC registry accounts for each FPCC registry account”;
in subsection (2)(a), (b) and (d), delete “registry account” and substitute “FPCC registry account”;
in subsection (2)(b), (c) and (d), delete “carbon credits” and substitute “fixed‑price carbon credits”;
after subsection (2), insert —“(2A) Without affecting subsection (1), the Agency must enter the following particulars into the register of ICC registry accounts for each ICC registry account: (a)the taxable facility and registered person to which the ICC registry account relates;
the number and details of the eligible international carbon credits surrendered in connection with the payment of any tax in relation to the taxable facility; (c)such other information as may be prescribed.”; and
in subsection (4), delete “a registry account” and substitute “an FPCC registry account”.