2.—(1) Muhammad Khairul Bin Mohamed (Singapore citizen) (Date of Birth: 30 August 1992) (called in this paragraph Khairul) and Speedway Motor Pte Ltd (called in this paragraph Speedway Motor) are exempted from the application of section 6 of the Act in respect of —| (a) | the sale and transfer of registration as owner, or the de‑registration and disposal, of —| (i) | a motor cycle bearing registration number FBK 4427U; and | | (ii) | a motor cycle bearing registration number FBB 5045D; and |
| | (b) | the utilisation of the proceeds of sale of the motor cycles in sub‑paragraph (a)(i) and (ii), or the utilisation of the benefit of any rebate granted by the Land Transport Authority of Singapore under rule 8(4) of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules (Cap. 276, R 5) upon the de-registration of either or both of those motor cycles, for the payment of all sums owed by Khairul to Speedway Motor under the hire‑purchase agreement number 20170510566 between Speedway Motor and Khairul. |
| (2) The Land Transport Authority of Singapore is exempted from the application of section 6 of the Act in respect of the sale and transfer of registration as owner, or the de‑registration and disposal, of the motor cycles in sub‑paragraph (1)(a)(i) and (ii). |
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