Housing Developers (Control and Licensing) Act 1965
Table of Contents
Long Title
Part 1 PRELIMINARY
1 Short title
2 Interpretation
3 Appointment of Controller, inspectors, etc.
Part 2 LICENSING OF HOUSING DEVELOPERS
4 Housing development to be carried out only by licensed housing developer
5 Licences not to be granted in certain cases
6 Restriction on use of words "housing developer" and on use of certain other words
7 Revocation or suspension of licence
Part 3 DUTIES OF LICENSED HOUSING DEVELOPERS
8 Controller to be informed of alteration
9 Licensed housing developer to open and maintain Project Account
10 Audited accounts
11 Information on housing development and sale of housing accommodation
12 Sale, disposal, etc., of business requires consent of Controller
Part 3A PREVENTION OF MONEY LAUNDERING AND FINANCING OF TERRORISM*
12A Prohibition against anonymous accounts
12B Customer due diligence measures, additional measures and measures relating to targeted financial sanctions
12C Record keeping
12D Suspicious transaction reporting
12E Programmes and measures to prevent money laundering and terrorism financing
12F Person disqualified to be substantial shareholder
Part 3B MONITORING AND ENFORCEMENT POWERS*
13 Appointment of auditors
13A Application of Companies Act 1967
14 Controller or inspector may investigate licensed housing developers
15 Special investigation of licensed housing developers
16 Examination of affairs of licensed housing developer
17 Production of books, accounts and documents of licensed housing developer
17A Investigation and enforcement powers in relation to show units
18 Action by Minister if licensed housing developer unable to meet obligations or is conducting business to the detriment of purchasers or the public
19 Control of licensed housing developer by company or statutory board
20 Punishment for failure to comply with directions of Minister
21 Licensed housing developer under control of company or statutory board to cooperate with company or statutory board and Controller
Part 4 POWER TO MAKE RULES AND TO ISSUE DIRECTIONS
22 Rules
23 Power to give directions
Part 5 GENERAL
24 Immunity of Government, Controller, etc.
25 Individuals not eligible to take part in management of business of licensed housing developers
26 Penalty for offences not otherwise provided for
27 Offences by bodies corporate, etc.
27A Composition of offences
28 Exemption
29 Consent of Public Prosecutor
Legislative History
Abbreviations
Comparative Table