No. S 5
Goods and Services Tax Voucher Fund Act
(CHAPTER 117C)
Goods and Services Tax Voucher Fund
Regulations 2014
In exercise of the powers conferred by section 19 of the Goods and Services Tax Voucher Fund Act, the Minister for Finance hereby makes the following Regulations:
PART I
Preliminary
Citation and commencement
1.  These Regulations may be cited as the Goods and Services Tax Voucher Fund Regulations 2014 and shall be deemed to have come into operation on 1st February 2013.
Definitions
2.  In these Regulations, unless the context otherwise requires —
“annual value” has the same meaning as in section 2 of the Property Tax Act (Cap. 254) and shall be ascertained in the same manner as under that Act;
“assessable income” has the same meaning as in section 37 of the Income Tax Act (Cap. 134);
“authorised occupier” has the same meaning as in section 2 of the Housing and Development Act (Cap. 129);
“essential occupier”, in relation to an HDB flat, means any authorised occupier of the flat who, together with any owner or other authorised occupier of the flat, will form the necessary family or social nucleus to qualify the owner to purchase or to continue to own the flat;
“executive condominium unit” means any housing accommodation in a development comprising housing accommodation under the executive condominium scheme established under the Executive Condominium Housing Scheme Act (Cap. 99A);
“HDB flat” means any residential flat, house or other living accommodation that is sold, transferred, assigned or otherwise disposed of or leased by the Housing and Development Board under Part IV of the Housing and Development Act or by an approved developer (as defined under section 65M of that Act) under Part IVB of that Act or that is rented from the Housing and Development Board, but does not include —
(a)an executive condominium unit; or
(b)a flat within a housing estate that is subject to the HUDC Housing Estates Act (Cap. 131);
“Housing and Development Board” means the Housing and Development Board established under the Housing and Development Act;
“GSTV — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Cash;
“GSTV — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Medisave;
“GSTV — U‑Save” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Utilities‑Save;
“GSTV scheme” means the public scheme known as the Goods and Services Tax Voucher scheme;
“medisave account”, in relation to an individual, means a medisave account maintained under section 13 of the Central Provident Fund Act (Cap. 36) for that individual;
“property” means any real property;
“utility charge” means the charge that is payable for the supply of water, electricity, gas (but not bottled gas) or sewerage services with respect to any HDB flat;
“year of assessment” has the same meaning as in section 2(1) of the Income Tax Act.
GSTV scheme
3.  The moneys in the Fund may be withdrawn to provide financial assistance under a public scheme known as the GSTV scheme.
Made this 31st day of December 2013.
LIM SOO HOON
Permanent Secretary
(Finance) (Performance),
Ministry of Finance,
Singapore.
[B061.009.2608.V1; AG/LLRD/SL/117C/2013/2 Vol. 1]