Singapore legislation
Regulation 5
of Housing and Development (Interest and Penalties for Late Payment of Improvement Contributions) Rules
Regulation 5
Deferred payment of improvement contributions, etc.
Subregulation 1
A lessee or owner may, with the prior written consent of the Board, defer payment to the Board of the whole or any part of his improvement contribution or an instalment, which is in arrears, for such period as may be specified by the Board.
Subregulation 2
Notwithstanding any deferment granted by the Board under this rule to the owner or lessee to pay the whole or any part of his improvement contribution which is in arrears, the interest under rule 4 shall remain payable in respect of the improvement contribution or part thereof in arrears.
Subregulation 3
Notwithstanding anything in rule 3, where the Board has granted any deferment under this rule to the owner or lessee to pay the whole or any part of his improvement contribution or an instalment which is in arrears, no penalty shall be payable by him in respect of the improvement contribution or instalment, or part thereof, during the period of the deferment.
Subregulation 4
If payment of only part of any improvement contribution or instalment is deferred under this rule, the rest of the improvement contribution or instalment (as the case may be) shall still be due on the date on which the whole of the improvement contribution or instalment would otherwise be due, and rules 3 and 4 shall apply as if the rest of the improvement contribution or instalment were the whole improvement contribution or instalment.