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Part 2 · Licensing of Housing Developers

6. Restriction on use of words “housing developer” and on use of certain other words

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Amended

Last amended by an amending law of 2013. 2 amendments in all.

(1)

Except with the Controller’s written consent, a person or body of persons (whether incorporated or unincorporated), not being a licensed housing developer, must not assume or use in relation to a business or any part of a business carried on by the person or body of persons the words “housing developer” or any of its derivatives or any word indicating the carrying on of housing development.

(2)

Any person or body of persons, not being a licensed housing developer, who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years or to both.

Report

Part 3

Duties of Licensed Housing Developers

Part 3A

Prevention of Money Laundering, Proliferation Financing and Terrorism Financing

Part 3B

Monitoring and Enforcement Powers

Part 4

Power to Make Rules and to Issue Directions

Part 5

General