Singapore legislation
Regulation 5
of Town Councils (Penalties and Interest for Late Payment of Improvement Contributions) Rules 2005
Regulation 5
Deferred payment of improvement contributions, etc.
Subregulation 1
A lessee or owner may, with the prior written consent of the Town Council concerned, defer payment to the Town Council 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 Town Council.
Subregulation 2
Notwithstanding the granting by a Town Council under this rule of any deferment to pay to it the whole or any part of any 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 a Town Council has under this rule granted any deferment to pay to it the whole or any part of any improvement contribution or an instalment which is in arrears, no penalty shall be payable by a lessee or owner 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 an 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.