No. S 253
Income Tax Act
(Chapter 134)
Income Tax (Concessionary Rate of Tax for Futures Members of the Singapore Exchange) (Amendment) Regulations 2005
In exercise of the powers conferred by section 43D of the Income Tax Act, the Minister for Finance hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Income Tax (Concessionary Rate of Tax for Futures Members of the Singapore Exchange) (Amendment) Regulations 2005 and shall be deemed to have come into operation on 27th February 2004.
Amendment of regulation 2
2.  Regulation 2 of the Income Tax (Concessionary Rate of Tax for Futures Members of the Singapore Exchange) Regulations (Rg 16) is amended —
(a)by inserting, immediately after the definition of "petroleum product", the following definition:
“ “relevant currency” means —
(a)in respect of any transaction carried out before 27th February 2004, any currency other than the Singapore dollar; and
(b)in respect of any transaction carried out on or after 27th February 2004, any currency;”;
(b)by deleting the words “currencies other than Singapore dollars” in paragraphs (a) and (b) of the definition of “relevant transaction” and substituting in each case the words “any relevant currency”; and
(c)by deleting the words “currency other than the Singapore dollar” in paragraph (d) of the definition of “relevant transaction” and substituting the words “relevant currency”.
[G.N. No. S 643/2003]

Made this 13th day of April 2005.

LIM SIONG GUAN
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF R032.019.2420V2; AG/LEG.SL/134/2002/7 Vol. 1]