Singapore legislation
Regulation 2
of Stamp Duties (Lease Buyback Scheme) (Remission) Rules 2013
Regulation 2
Definitions
In these Rules —“Central Provident Fund Board” means the Central Provident Fund Board constituted under section 3 of the Central Provident Fund Act (Cap. 36);“HDB flat” means any flat sold under Part IV or IVB of the Housing and Development Act (Cap. 129) which has been acquired by the lessee in question whether directly from the Housing and Development Board or otherwise;“Housing and Development Board” means the Housing and Development Board established under section 3 of the Housing and Development Act;“Lease Buyback Scheme” means a scheme administered by the Housing and Development Board, under which a lessee of an HDB flat who has been approved by the Housing and Development Board to take part in the scheme enters into an agreement with the Housing and Development Board to reduce the term of the lease, in consideration of a sum of money —
which is to be paid in accordance with the terms and conditions of the scheme; and
the whole or a part of which may be used for the payment of a premium for an annuity plan under the Lifelong Income Scheme established and maintained by the Central Provident Fund Board under section 27K of the Central Provident Fund Act.
Definition
“Central Provident Fund Board” means the Central Provident Fund Board constituted under section 3 of the Central Provident Fund Act (Cap. 36);
Definition
“HDB flat” means any flat sold under Part IV or IVB of the Housing and Development Act (Cap. 129) which has been acquired by the lessee in question whether directly from the Housing and Development Board or otherwise;
Definition
“Housing and Development Board” means the Housing and Development Board established under section 3 of the Housing and Development Act;
Definition
“Lease Buyback Scheme” means a scheme administered by the Housing and Development Board, under which a lessee of an HDB flat who has been approved by the Housing and Development Board to take part in the scheme enters into an agreement with the Housing and Development Board to reduce the term of the lease, in consideration of a sum of money —
which is to be paid in accordance with the terms and conditions of the scheme; and
the whole or a part of which may be used for the payment of a premium for an annuity plan under the Lifelong Income Scheme established and maintained by the Central Provident Fund Board under section 27K of the Central Provident Fund Act.