Singapore legislation

Regulation 1

of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification

Regulation 1

Amended byS 32/9421.1.94

The indemnity payments payable by Neptune Orient Lines Limited pursuant to clause 10 of the following loan agreements shall be exempt from income tax from 15th September 1993 to 31st July 2000: Amount of Loan Date of Loan Agreements(1) AUD 78.4m10th May 1991.(2) AUD 100m13th January 1992.(3) AUD 100m21st May 1992.