Regulation 2

In these Regulations —“annual value” has the meaning given by section 2 of the Property Tax Act 1960 and is to be ascertained in the same manner as under that Act;“assessable income” has the meaning given by section 37 of the Income Tax Act 1947;“Assurance Package — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Cash;“Assurance Package — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Medisave;“Assurance Package — Seniors’ Bonus” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Seniors’ Bonus;“authorised occupier” has the meaning given by section 2 of the Housing and Development Act 1959;“conservancy and service charges” means the conservancy and service charges levied by a Town Council under section 53(1) of the Town Councils Act 1988;“essential occupier”, in relation to an HDB flat, means any authorised occupier of the flat who, together with any owner or other authorised occupier of the flat, will form the necessary family or social nucleus to qualify the owner to purchase or to continue to own the flat;“executive condominium unit” means any housing accommodation in a development comprising housing accommodation under the executive condominium scheme established under the Executive Condominium Housing Scheme Act 1996;“GSTV — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Cash;“GSTV — Conservancy and Service Charges (Rebate)” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Conservancy and Service Charges (Rebate);“GSTV — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Medisave;“GSTV — U‑Save” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — U‑Save;“GSTV scheme” means the public scheme known as the Goods and Services Tax Voucher scheme;“HDB flat” means any residential flat, house or other living accommodation that is sold, transferred, assigned or otherwise disposed of or leased by the Housing and Development Board under the Housing and Development Act 1959 or by an approved developer (as defined under section 87 of that Act) under Part 4B of that Act or that is rented from the Housing and Development Board, but does not include an executive condominium unit;“Housing and Development Board” means the Housing and Development Board established under the Housing and Development Act 1959;“medisave account”, in relation to an individual, means a medisave account maintained under section 13 of the Central Provident Fund Act 1953 for that individual;“property” means any real property;“Town” and “Town Council” have the meanings given by section 2(1) of the Town Councils Act 1988;“utility charge” means the charge that is payable for the supply of water, electricity, gas (but not bottled gas) or sewerage services with respect to any HDB flat;“year of assessment” has the meaning given by section 2(1) of the Income Tax Act 1947.