Singapore legislation
Regulation 69
Regulation 69
Admission to scheme
Subregulation 1
A taxable person shall be eligible to apply for approval under regulation 68 if —
he is registered under paragraph 8 of the First Schedule to the Act;
he has made all returns which he is required to make under the Act, and has paid to the Comptroller all such sums shown as due on those returns and on any assessment made under section 45 of the Act; and
he has not in the 3 years preceding the date of his application for approval —
been convicted of any offence under the Act or the Customs Act 1960 as applied by section 26 of the Act;
accepted any offer of composition under section 75 of the Act or under the Customs Act 1960 as applied by section 26 of the Act;
been assessed to a penalty under section 48 of the Act; or
had his approval revoked under regulation 74.
Subregulation 2
The Comptroller may refuse to approve an application made under regulation 68 where he considers it necessary for the protection of the revenue.
Subregulation 3
The scheme shall not apply to any supply of goods or services made under any hire purchase agreement, conditional sale agreement or credit sale agreement.