Cancellation of certificates of entitlement
20.—(1)  A certificate of entitlement for any motor vehicle shall automatically be cancelled if —
(a)the registration of the motor vehicle (including a public service vehicle) is cancelled under section 27 (1) (a), (b), (d) or (e) of the Act;
(b)in the case of a public service vehicle, the public service vehicle licence is revoked under section 108 of the Act; or
(c)the certificate of entitlement is surrendered to the Registrar under rule 22(2).
(1A)  Where a certificate of entitlement has been cancelled under paragraph (1), the Registrar shall, upon the application of the holder of the certificate of entitlement, issue to him a certificate setting out the residual value, if any of the certificate of entitlement.
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]
(2)  Subject to rule 28, where a certificate of entitlement is cancelled under paragraph (1) before its expiration, the residual value of the certificate of entitlement shall not be refunded to the holder of the certificate of entitlement, but, upon application by the holder thereof to the Registrar, shall, for a period of 12 months from the date of the cancellation or within such further period as the Registrar may approve, be available to the applicant to be set off against —
(a)any quota premium payable by him for another certificate of entitlement issued in respect of another motor vehicle;
(b)any charge payable by him for restoring the certificate of entitlement in respect of another motor vehicle ; and
(c)the fees payable under rules 6 and 7 of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules (R 5) in connection with the registration of the motor vehicle referred to in sub-paragraph (a).
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]
(2A)  In granting an application under paragraph (2), the Registrar may impose such conditions as he thinks fit.
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]
(3)  The Registrar may, upon application and the payment of a fee of $10 and subject to such conditions as he may impose, allow the residual value mentioned in paragraph (2) and rule 21(1) to be transferred to such person as the holder may nominate in writing and to be used or further transferred for the benefit of the person nominated as if he were the holder, provided that no fee need be paid under this paragraph if the person nominated is concurrently nominated under rule 8(3) of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules.
[R 5.]
(4)  Subject to paragraphs (5), (6) and (7) the residual value of a cancelled certificate of entitlement or the purpose of paragraph (2), shall be an amount determined in accordance with the following formula:
UNKNOWN
where
A is the quota premium paid for the certificate of entitlement;
B is the period reckoned in months for which the certificate of entitlement would be in force if was not cancelled; and
C is the period reckoned in months commencing from the date the certificate of entitlement was issued until the date of its cancellation.
(4A)  A person who holds the residual value of any certificate of entitlement may apply to the Registrar for the whole amount of the residual value to be divided into such smaller portions as the applicant may require and may use each such portion for the registration of a separate new vehicle or transfer any such portion of the rebate to any person under paragraph (3).
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]
(4B)  A person who holds the residual values of the certificates of entitlement in respect of 2 or more vehicles may apply to the Registrar for the residual values of such certificates of entitlement to be used collectively for the registration of one or more new vehicles.
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]
(4C)  The Registrar may grant an application under paragraph (4A) or (4B) subject to such conditions as he thinks fit and shall, upon granting an application under paragraph (4A), issue to the applicant a new certificate of entitlement in respect of each portion into which the residual value of the certificate of entitlement has been divided.
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]
(4D)  The new certificates of entitlement issued under paragraph (4C) shall be in replacement of the certificate referred to in paragraph (1A).
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]
(4E)  A fee of $10 shall be payable in respect of each portion into which the residual value of a certificate of entitlement is to be divided under paragraph (4A).
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]
(5)  In the case of a certificate of entitlement that has been —
(a)issued whether before, on or after 20th February 1995 under rule 3(1) (e);
(b)used on or after 20th February 1995 for the registration of any motor vehicle referred to in rule 3(1) (a) to (d); and
(c)subsequently cancelled under paragraph (1) before its expiration,
the residual value of the cancelled certificate of entitlement shall be an amount determined in accordance with the following formula:
UNKNOWN
where
A is —
(i)the quota premium paid for the certificate of entitlement issued under rule 3(1) (e); or
(ii)the quota premium which would have been payable for a certificate of entitlement issued for a motor vehicle of the appropriate cylinder capacity during the same quota period as the certificate of entitlement issued under rule 3(1) (e),
whichever is the lower; and
B and C have the same meanings as in paragraph (4).
(6)  Where a motor vehicle has been declared non-user under rule 53 of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules, the residual value of a cancelled certificate of entitlement for the purposes of paragraph (2) shall be the sum of the amount, if any, determined in accordance with the formula in paragraph (4) and an amount determined in accordance with the following formula:
UNKNOWN
Where
A and B have the same meanings as in paragraph (4); and
D is the period of non-user or, where there is more than one period of non-user, the sum of all the periods of non-user, reckoned in months and any fraction of a month shall be disregarded in determining the length of each period of non-user.
[R 5.]
(7)  For the purpose of paragraph (2), where a motor vehicle which is first registered on or after 20th February 1995 is de-registered within a period of 2 years from the date of its registration on the ground that it has been permanently removed from Singapore, the residual value of the certificate of entitlement for the motor vehicle shall be —
(a)where the motor vehicle has been registered using a certificate of entitlement issued under rule 3 (a), (b), (c) or (d), 80% of the quota premium paid for the certificate of entitlement; or
(b)where the motor vehicle has been registered using a certificate of entitlement issued under rule 3(1) (e), 80% of —
(i)the quota premium paid for the certificate of entitlement issued under rule 3(1) (e); or
(ii)the quota premium which would have been payable for a certificate of entitlement issued for a motor vehicle of the appropriate cylinder capacity during the same quota period as the certificate of entitlement issued under rule 3(1) (e),
whichever is the lower.
(8)  For the purposes of this rule, “new vehicle” means a motor vehicle which has not been registered elsewhere before its first registration in Singapore.
[S 539/98,wef 01/11/1998:1998-SL-276-R-539 wef 01/11/1998]