Housing and Development (Amendment) Bill

by deleting subsection (1) and substituting the following subsections:“(1) The Board consists of —

a Chairman; and

at least 4 and not more than 14 other members,each of whom must be appointed by the Minister subject to subsection (9) and on any conditions as the Minister may determine. (1A) The Minister may, subject to subsection (9), appoint a member of the Board to be the Deputy Chairman.”; and

by deleting subsections (4) and (5) and substituting the following subsections:“(4) The Minister may appoint an individual to act temporarily as a member of the Board (other than the Chairman or the Deputy Chairman) during any period, or during all periods, when any member —

is incapacitated from illness or otherwise; or

is absent from duty or Singapore.(5) The Minister may appoint a member of the Board to act temporarily as the Chairman or the Deputy Chairman during any period, or during all periods, when the Chairman or the Deputy Chairman, as the case may be —

is incapacitated from illness or otherwise; or

is absent from duty or Singapore.”.

by deleting the words “subsection (4)” in subsection (1) and substituting the words “subsections (4) and (4A)”;

by inserting, immediately after subsection (4), the following subsection:“(4A) Subsection (1) does not apply to any contract, agreement or arrangement under which an approved financial institution uses any of its interest in any security over any protected property as security or collateral for the grant of any facility by the MAS to the approved financial institution.”; and

by inserting, immediately after the definition of “approved financial institution” in subsection (11), the following definitions:“ “facility” means an arrangement between the MAS and an approved financial institution under which the MAS provides funding to the approved financial institution, and includes a credit facility and a repurchase transaction;“MAS” means the Monetary Authority of Singapore established under section 3 of the Monetary Authority of Singapore Act;”.

the personal representatives do not consent to receive the compensation;

where representation has not been taken out under a will or intestacy of the deceased owner; or

where there is any dispute as to the entitlement to or the apportionment of the compensation,the Board must apply to the Registrar of the Supreme Court ex parte by originating summons, supported by an affidavit, for an order to deposit the amount of the compensation in court and, despite anything to the contrary in the Rules of Court for the time being in force, the Registrar may make the order.”.

by inserting, immediately after paragraph (g) of subsection (1), the following paragraph:“(ga)if the owner or any owner thereof made a misleading or false statement in his application to the Board for, or a misrepresentation of a material fact (whether innocently or otherwise) to the Board relating to —

his acquisition of the flat, house or other living accommodation or an interest in it from a related person; or

his transfer of an interest in the flat, house or other living accommodation to a related person;”; and

by inserting, immediately after subsection (9), the following subsection:“(10) For the purposes of subsection (1)(ga), a person (A) is related to an owner of a flat, house or other living accommodation (B) if A is the spouse, a parent, remoter lineal ancestor, step‑parent, son, daughter, son‑in‑law, daughter‑in‑law, remoter issue, stepson, stepdaughter, brother or sister, or the spouse of a brother or sister, of B.”.