Singapore legislation

Schedule 1

of Hire-Purchase Act 1969

Schedule 1

List of goods relating to definition of “regulated agreement”

FIRST SCHEDULESections 1(4) and 2(1)List of goods relating to definition of “regulated agreement”

1. Any consumer goods the value of which does not exceed $20,000 (inclusive of any goods and services tax).2.—

(1)

On or after 1 April 1989 but before 15 July 1994, any motor vehicle the value of which does not exceed $55,000, which amount shall include —

(a)

any goods and services tax, where applicable;

(b)

any import and excise duty payable in respect of the vehicle; and

(c)

the cost of a certificate of entitlement for the vehicle.(2) On or after 15 July 1994, any motor vehicle the value of which does not exceed $55,000, which amount shall include —

(a)

any goods and services tax; and

(b)

any import and excise duty payable in respect of the vehicle,but shall exclude the cost of a certificate of entitlement for the vehicle.

3. For the purposes of this Schedule, “consumer goods” means goods purchased for personal, family or household purposes and not for the purposes of any trade or business.

Read in full context — Hire-Purchase Act 1969 →