22B.—(1) Section 22A does not come into operation except at the time and in the manner mentioned in subsection (2).
[6/2010]
(2) The Minister may, from time to time, by order in the Gazette, declare that section 22A comes into operation on a date specified in the order, and that section comes into operation on that date and remains in force until the order is revoked by the Minister.
[6/2010]
(3) The order must specify —
(a)
the immovable property to which section 22A applies by —
(i)
the manner it is zoned under the Master Plan; or
(ii)
the purpose for which it is permitted to be used under the Planning Act 1998, as defined under section 22A(15)(g);
(b)
the holding period for the purposes of that section; and
(c)
other matters required to be prescribed by that section.
[6/2010; 1/2013]
(4) The order may specify different holding periods for different classes of immovable property.
[6/2010]
(5) The order may —
(a)
prescribe a different time at which immovable property is acquired or disposed of under any particular class of instruments or any instruments executed by or in favour of any person or class of persons; and
(b)
specify other matters authorised to be prescribed or specified under section 22A.
[6/2010]
(6) The Minister may, in respect of the first order made after 20 February 2010, specify in the order a date of commencement for section 22A that is before the date of publication of the order in the Gazette but no earlier than 20 February 2010.
[6/2010]
(7) All orders made under this section must be presented to Parliament as soon as possible after publication in the Gazette.