New Subsidiary Legislation

Supreme Court of Judicature Act (Cap 322) - Interest rate on money lodged in court (S106/2002)
With effect from 1 March 2002, the Minister for Finance has fixed the rate of interest to be paid on money lodged in the Supreme Court at 0.2% per annum.

United Nations (Anti-terrorism Measures) (Amendment) Regulations 2002
(S118/2002)
The United Nations (Anti-terrorism Measures) Regulations 2001 have been amended with effect from 12 March 2002 to give effect to Resolution 1390 (2002) of the Security Council of the United Nations.

Following the amendment, it is now additionally provided in the United Nations (Anti-terrorism Measures) Regulations 2001 as follows:

• no person in Singapore and no citizen of Singapore outside Singapore shall, directly or indirectly, export, sell, supply or ship any arms and related material, wherever situated, to any terrorist. The reference to 'arms and related material' is to any type of weapon, ammunition, military vehicle or military or paramilitary equipment, and includes their spare parts;
• no owner or master of a Singapore ship and no operator of an aircraft registered in Singapore shall, directly or indirectly, carry or cause or permit to be carried any arms and related material, wherever situated, for any terrorist. A 'Singapore ship' means a ship registered under Part II of the Merchant Shipping Act (A19/1995); and
• no person in Singapore and no citizen of Singapore outside Singapore shall, directly or indirectly, provide any terrorist with technical advice, assistance or training related to military activities.

The list of terrorist and terrorist organisations in the Schedule to the Regulations has also been substantially expanded.

Income Tax (Further Deduction for Expenses Incurred in Relocation or Recruitment of Overseas Talent) (Amendment) Regulations 2002
(S120/2002)
The Income Tax (Further Deduction for Expenses Incurred in Relocation or Recruitment of Overseas Talent) Regulations have been amended with effect from 12 March 2002.

The Income Tax (Further Deduction for Expenses Incurred in Relocation or Recruitment of Overseas Talent) Regulations provide that, for the purposes of ascertaining the income of any person carrying on a trade, profession or business, there is available to that person a further deduction, in addition to the deduction allowed under s 14 of the Income Tax Act (Cap 134), of the prescribed expenses incurred during the period from 1 October 1998 to 30 September 2003 by the person in recruiting or relocating any prescribed employee from outside Singapore to be employed in Singapore by the person.

The total amount of further deduction available for any year of assessment is subject to a maximum of S$150,000 in respect of all prescribed employees employed by the person in the basis period for that year of assessment.

Following the amendment, the Minister for Finance is now empowered to waive the limit of S$150,000 subject to such conditions as may be imposed.

Control of Rent (Abolition) Act (Commencement) Notification 2002 (S146/2002)
The Control of Rent (Abolition) Act 2001 repeals the Control of Rent Act (Cap 58) and the Premiums on Leases Act (Cap 238) with effect from 1 April 2001.

The Control of Rent (Abolition) Act 2001 also repeals the Controlled Premises (Special Provisions) Act (Cap 60) effective from a date to be notified. Pursuant to the Control of Rent (Abolition) Act (Commencement) Notification 2002, it is now notified that the Controlled Premises (Special Provisions) Act (Cap 60) is repealed with effect from 31 March 2002.

The objective of the Controlled Premises Act was to expedite and encourage private redevelopment by enabling owners of rent-controlled property in designated areas to recover possession of their premises on payment of reasonable compensation to tenants and occupiers. The Controlled Premises Act established the Tenants Compensation Board whose main function was to hear and determine applications by landlords for the recovery of controlled premises in a designated development area and the amount of compensation that should be paid to the tenants and occupiers of the premises. In order to recover possession, the landlord had to show that he intended to redevelop the premises.

Elizabeth Wong
Allen and Gledhill