Singapore legislation
Regulation 4
Regulation 4
Fees
Subregulation 1
Subject to paragraph (2), the fees specified in the second column of the First Schedule are payable in respect of the matters set out in the first column of that Schedule.
Subregulation 2
In respect of the conduct of a practice review under a practice monitoring programme of a specified public accountant, the hourly charges payable in the second column of item 6(a) of the First Schedule are subject to the cap specified in the second column of the Fifth Schedule opposite the category to which the specified public accountant belongs in the first column of the Fifth Schedule.
Subregulation 2A
The Registrar may for any reason waive, refund or remit, whether wholly or in part, any fee specified in the First Schedule.
Subregulation 2B
Despite paragraph (2A), no fee paid is refundable in respect of the withdrawal of any application.
Subregulation 3
In this rule —
Definition
“listed entity” means an entity whose shares or stock are quoted or listed on a stock exchange operated by Singapore Exchange Limited;
Definition
“specified period” means the year preceding the year in respect of which the certificate of registration of the public accountant concerned was renewed;
Definition
“specified public accountant” means a public accountant who is —
a director or an employee of an accounting corporation, where none of the directors or employees of the accounting corporation has audited any listed entity in a specified period;
a partner or an employee of the accounting firm, where none of the partners or employees of the accounting firm has audited any listed entity in a specified period;
a partner or an employee of the accounting LLP, where none of the partners or employees of the accounting LLP has audited any listed entity in a specified period;
Definition
“year” means a calendar year.