2.—(1) Simon Bin Sabtu (NRIC No. S1629325C) and Raimah Binte Ali (NRIC No. S1721924C) are hereby exempted from the application of section 6 of the Act in respect of the sale of the leasehold interest in the flat known as Apartment Block 314, Sembawang Drive #01-454, Singapore 750314, subject to the following conditions:
(a)
that the balance of the proceeds of the sale, less the repayment of —
(i)
the amount outstanding under any housing loan in respect of the purchase of the leasehold interest in the flat (including interest); and
(ii)
any money withdrawn from the Central Provident Fund for the purchase of the leasehold interest in the flat (including interest),
are divided into 2 equal shares;
(b)
that the share belonging to Simon Bin Sabtu is deposited in the bank account designated in the letter of exemption issued to Simon Bin Sabtu and his nominee, Ismail Bin Sabtu (NRIC No. S1052290J) dated 16th December 2008 (referred to in this Order as his bank account); and
(c)
that the share belonging to Raimah Binte Ali is deposited in the bank account designated in the letter of exemption issued to Raimah Binte Ali dated 16th December 2008 (referred to in this Order as her bank account).
(2) Ismail Bin Sabtu is hereby exempted from the application of section 6 of the Act in respect of —
(a)
any withdrawal from his bank account; and
(b)
the use of any sum withdrawn therefrom.
(3) Raimah Binte Ali is further exempted from the application of section 6 of the Act in respect of —
(a)
any withdrawal from her bank account; and
(b)
the use of any sum withdrawn therefrom.
(4) The exemption in respect of the activity referred to in sub-paragraphs (2)(b) and (3)(b) is subject to the conditions stated in the letters of exemption referred to in sub-paragraph (1)(b) and (c), respectively.