Singapore legislation

Section 57

Amount of royalty

(1)

Subject to this Division, the royalty payable in respect of a record is 5% of the retail selling price of the record, which shall be determined in the manner prescribed by the regulations.

(2)

If the royalty payable in respect of a record under this section includes a fraction of a cent that is less than or more than one-half of a cent —

(a)

where that fraction is less than one-half of a cent — that fraction shall be treated as one-half of a cent; and

(b)

where that fraction is more than one-half of a cent — that fraction shall be treated as a whole cent.

(3)

If, apart from this subsection, the royalty payable in respect of a record under this section would be less than one cent, that royalty shall be one cent.