Hire-Purchase (Amendment) Bill

Bill No. 15/1980

Read the first time on 25th June 1980.
An Act to amend the Hire-Purchase Act (Chapter 192 of the Revised Edition).
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: —
Short title and commencement
1.  This Act may be cited as the Hire-Purchase (Amendment) Act, 1980, and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
Amendment of section 33
2.  Section 33 of the Hire-Purchase Act is amended by deleting paragraph (c) and substituting the following: —
(c)the hirer is required to pay interest on any overdue instalment at a rate per annum exceeding that prescribed by the Minister by notification in the Gazette;”.