Singapore legislation

Clause 35

Amendment of section 56

In section 56 of the principal Act —

(a)

in subsection (3), delete “to one or both of the following:” and substitute “to —”;

(b)

in subsection (3), delete paragraphs (a) and (b) and substitute —“(a)a fine of an amount equal to double the tax undercharged as a result of the inaccurate verified emissions report or incorrect information; and

(b)

a further fine of an amount not exceeding $5,000 or to imprisonment for a term not exceeding 3 years or to both.”;

(c)

in subsection (4), delete “to one or both of the following:” and substitute “to —”;

(d)

in subsection (4), delete paragraphs (a) and (b) and substitute —“(a)a fine of an amount equal to triple the tax undercharged as a result of the inaccurate verified emissions report or incorrect information; and

(b)

a further fine of an amount not exceeding $10,000 or to imprisonment for a term not exceeding 3 years or to both.”;

(e)

in subsection (5), delete “to one or both of the following:” and substitute “to —”; and

(f)

in subsection (5), delete paragraphs (c) and (d) and substitute —“(c)a fine of an amount equal to quadruple the tax undercharged as a result of the inaccurate verified emissions report or incorrect information; and

(d)

a further fine of an amount not exceeding $50,000 or to imprisonment for a term not exceeding 5 years or to both.”.

Read in full context — Carbon Pricing (Amendment) Bill →