Clause 8

by inserting, immediately after the word “ship” in subsection (1)(oa), the words “(as defined in section 2(1) of the Merchant Shipping Act (Cap. 179))”;

by deleting the words “on or after 3rd May 2002” in subsection (1)(r) and substituting the words “during the period from 3 May 2002 to 31 March 2020 (both dates inclusive)”;

by inserting, immediately after paragraph (r) of subsection (1), the following paragraphs:“(ra)the income derived during the period from 1 April 2015 to 31 March 2020 (both dates inclusive) by a qualifying mediator who is not resident in Singapore, for providing the services of a mediator for a mediation —

that takes place in Singapore; or

that would have taken place in Singapore but for the settlement of the dispute or withdrawal of the claim in question;

that takes place in Singapore; or

that would have taken place in Singapore but for the settlement of the dispute or withdrawal of the claim in question;”;

by deleting “2015” in subsections (12A), (12B) and (12C) and substituting in each case “2020”;

by inserting, immediately after the definition of “qualifying debt securities” in subsection (16), the following definitions:“ “qualifying mediation” means a mediation that is administered by a body or an organisation that provides services for the conduct of mediation (called in this section a mediation service provider), and that is prescribed under section 7;“qualifying mediator” means an individual who is certified or accredited under a mediator certification or accreditation scheme prescribed under section 7;”; and

by inserting, immediately after subsection (16), the following subsection:“(17) For the purposes of the definitions of “qualifying mediation” and “qualifying mediator” in subsection (16), the Minister may prescribe a description of mediation service providers and a description of mediator certification or accreditation schemes that are set out on a specified website of the Ministry of Law, as amended from time to time.”.