Singapore legislation
Clause 4
Clause 4
Amendment of section 8
In section 8 of the principal Act —
in subsection (1), delete paragraph (a) and substitute —“(a)be made —
where section 7(1) applies — no later than 30 June of the year immediately after the trigger year; and
in the case of an application by Y under section 7(5) —
if, in the year immediately before the year of the transfer, the total amount of reckonable GHG emissions from the business facility has a carbon dioxide equivalence that does not attain the second emissions threshold — no later than 30 June of the year immediately after the year of the transfer;
if —
(BA)at the time X transfers operational control to Y, the business facility is not registered as a taxable facility of X; and (BB)in the year immediately before the year of the transfer, the total amount of reckonable GHG emissions from the business facility has a carbon dioxide equivalence that attains the second emissions threshold (or higher), no later than the later of the following:
(BC)30 June of the year of the transfer;
(BD)30 days after the date of the transfer; and (C)if, at the time X transfers operational control to Y, the business facility is registered as a taxable facility of X — no later than 30 days after the date of the transfer;”; and
delete subsection (4) and substitute —“(4) A registration under this section is in force as follows:
subject to paragraph (b), starting on 1 January of the year immediately after the trigger year for the registration, until deregistration under section 10;
for a registration pursuant to section 7(5), starting on the date of the transfer of operational control, until deregistration under section 10.”.