Regulation 24A

Where any person intends to apply for —

[Deleted by S 507/2014 wef 01/08/2014]

[Deleted by S 507/2014 wef 01/08/2014]

[Deleted by S 507/2014 wef 01/08/2014]

Notwithstanding rule 24(2)(a) and subject to paragraph (1B), the Registrar may, subject to such conditions as he thinks fit, issue or renew a certificate of entitlement for a period of 10 years commencing from the date of the issuance or renewal, as the case may be, or such other date as the Registrar may specify.

In the case of an application for the renewal of a certificate of entitlement under paragraph (1)(b), the Registrar shall not renew the certificate of entitlement under paragraph (1A) unless the motor vehicle is re‑registered as a classic vehicle.

The Registrar may renew a certificate of entitlement in respect of a vehicle only if the Registrar issues a licence under section 13 of the Act in respect of that vehicle.

Every application for the issue of a certificate of entitlement under paragraph (1)(a) shall be accompanied by the levy specified in the First Schedule.

Every application for the renewal of a certificate of entitlement under paragraph (1)(b) or (c) may be made before its expiration, or at any time not exceeding one month after its expiration, or such further period exceeding one month after its expiration as the Registrar may allow, and shall be accompanied by —

Where payment or part payment of any levy or fee referred to in paragraph (1E)(a) or (b) is made in a form other than by cash, nothing in this rule shall require the Registrar to renew a certificate of entitlement until the payment has been honoured or otherwise effected.

For the purposes of this rule, where —

The Registrar may waive, in whole or in part, the fee payable under paragraph (1E)(b) or (1G).

Where an application for the renewal of a certificate of entitlement is made at a time after its expiration, the Registrar may renew the certificate of entitlement from the date of its expiration, and the registration of the vehicle in relation to which the certificate of entitlement is renewed shall not be cancelled notwithstanding that no certificate of entitlement relating to the vehicle was in force between the time of the expiration of the certificate of entitlement and its renewal.

A certificate of entitlement that is renewed under this rule before its expiry shall not have any residual value in respect of the period between the date of its renewal and the date on which it would otherwise expire.

Notwithstanding paragraph (1J), the residual value of the certificate of entitlement referred to in paragraph (1)(b), in respect of the period between the date of its renewal under paragraph (1)(b) and the date on which it would otherwise expire, may be set off against the levy and the fee payable under paragraph (1E).

Where a certificate of entitlement has been renewed pursuant to an application under paragraph (1)(b), the Registrar must issue to the holder of the certificate of entitlement a notice setting out the residual value, if any, of the certificate of entitlement.

Notwithstanding paragraph (1J) but subject to paragraph (5) and rule 25, where a certificate of entitlement is renewed pursuant to an application under paragraph (1)(b) before its expiration, the residual value of the certificate of entitlement shall not be refunded to the holder of the certificate of entitlement, but is for a period of 12 months from the date of the renewal or within such further period as the Registrar may approve, available to the holder to be set off against —

The residual value of the certificate of entitlement for a motor vehicle mentioned in paragraph (1)(b) is not available for set off under paragraph (4), or to be transferred, divided or used in accordance with paragraph (6), (9) or (10), unless no tax or fee payable under the Act in respect of the motor vehicle is outstanding.

The Registrar may, upon application and the payment of a fee of $20 and subject to such conditions as he may impose, allow the residual value mentioned in paragraph (4) to be transferred to such person as the holder may nominate in writing and to be used or further transferred for the benefit of the person nominated as if he were the holder.

[Deleted by S 507/2014 wef 01/08/2014]

Subject to paragraph (15), the residual value of a renewed certificate of entitlement for the purposes of paragraphs (2) and (4) shall be an amount determined in accordance with the following formula:whereA is the quota premium paid for the certificate of entitlement;Bis the period reckoned in months (including any part of a month) commencing from the date the certificate of entitlement was issued until the date on which it would otherwise expire;Cis the period reckoned in months (including any part of a month) commencing from the date the certificate of entitlement was issued until the date of its renewal upon an application under paragraph (1)(b).

A person who holds the residual value of any certificate of entitlement may apply to the Registrar for the whole amount of the residual value to be divided into such smaller portions as the applicant may require and may use each such portion for the payment of any quota premium, levy, fee, additional quota premium or additional levy referred to in paragraph (4) or transfer any such portion of the rebate to any person under paragraph (6).

A person who holds the residual values of the certificates of entitlement in respect of 2 or more vehicles may apply to the Registrar for the residual values of such certificates of entitlement to be used collectively for the payment of any quota premium, levy, fee, additional quota premium or additional levy referred to in paragraph (4), or any combination thereof.

The Registrar may approve an application under paragraph (9) or (10) subject to such conditions as he thinks fit.

The Registrar shall, upon approving an application under paragraph (9), issue to the applicant a notice in respect of each portion into which the residual value of the certificate of entitlement has been divided.

The notices issued under paragraph (12) shall be in replacement of the notice referred to in paragraph (3).

A fee of $21.80 shall be payable in respect of each portion into which the residual value of a certificate of entitlement is to be divided under paragraph (9).

Where a motor vehicle has been declared non-user under rule 53 of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules (R 5), the residual value of a renewed certificate of entitlement for the purposes of paragraphs (2) and (4) shall be the sum of the amount, if any, determined in accordance with the formula in paragraph (8) and an amount determined in accordance with the following formula:where A and B have the same meanings as in paragraph (8);Dis the period of non-user or, where there is more than one period of non-user, the sum of all the periods of non-user, reckoned in months (including any part of a month).

[Deleted by S 525/2003 wef 17/11/2003]