No. S 98
Stamp Duties Act
(Chapter 312)
Stamp Duties (Approved Securitisation Company) (Remission) Rules 2008
In exercise of the powers conferred by sections 74 and 77 of the Stamp Duties Act, the Minister for Finance hereby makes the following Rules:
Citation and commencement
1.  These Rules may be cited as the Stamp Duties (Approved Securitisation Company) (Remission) Rules 2008 and shall be deemed to have come into operation on 27th February 2004.
Definition
2.  In these Rules, “approved securitisation company” has the same meaning as in section 13P(4) of the Income Tax Act (Cap. 134).
Remission of duty
3.  There shall be remitted all duty chargeable under the Act on any contract, agreement or instrument executed during the period from 27th February 2004 to 31st December 2008 (both dates inclusive) relating to —
(a)the transfer, assignment or disposition of any mortgage or debenture of immovable property to an approved securitisation company; or
(b)the conveyance, assignment or transfer on sale of any stock or shares or any interest thereof to an approved securitisation company.

Made this 22nd day of February 2008.

TEO MING KIAN
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF R32.19.2740.V6; AG/LEG/SL/312/2005/4 Vol. 1]
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