3.—(1) The prescribed period as it applies to the following descriptions of scheduled contracts in Part 2 of the Act is extended by a period starting on 20 November 2020 and ending on 31 December 2020:| (a) | an event contract; | | (b) | a tourism‑related contract. |
(2) The prescribed period as it applies to the following descriptions of scheduled contracts in Part 2 of the Act is extended by a period starting on 20 November 2020 and ending on 31 January 2021:| (a) | a hire‑purchase agreement or conditional sale agreement as defined under the Hire‑Purchase Act (Cap. 125), where the good hired or conditionally sold under the agreement is —| (i) | any plant, machinery or fixed asset located in Singapore, where such plant, machinery or fixed asset is used for manufacturing, production or other business purposes; or | | (ii) | a commercial vehicle, |
| but does not include an agreement that is entered into with a bank licensed under the Banking Act (Cap. 19) or a finance company licensed under the Finance Companies Act (Cap. 108); |
| | (b) | a lease of —| (i) | any plant, machinery or fixed asset located in Singapore, where such plant, machinery or fixed asset is used for manufacturing, production or other business purposes; or | | (ii) | a commercial vehicle, except —| (A) | a private hire car as described in the Second Schedule to the Road Traffic Act (Cap. 276); and | | (B) | a taxi as described in the Second Schedule to the Road Traffic Act. |
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(3) The prescribed period as it applies to the following descriptions of scheduled contracts in Part 2 of the Act is extended by a period starting on 20 November 2020 and ending on 31 March 2021:| (a) | a construction contract or supply contract; | | (b) | a performance bond or equivalent that is granted pursuant to a construction contract or supply contract; | | (c) | an option given by a housing developer to an intending purchaser for the purchase of one or more units of housing accommodation; | | (d) | an agreement between a housing developer and a purchaser for the sale and purchase of one or more units of housing accommodation; | | (e) | an option given by a commercial developer to an intending purchaser for the purchase of one or more units of commercial property; | | (f) | an agreement between a commercial developer and a purchaser for the sale and purchase of one or more units of commercial property. |
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| (4) In this paragraph, “commercial developer”, “commercial property”, “commercial vehicle”, “housing accommodation”, “housing developer” and “unit” have the meanings given by paragraph 2 of the Schedule to the Act. |
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