On 21/05/2013,
you requested for the version in force on 21/05/2013
incorporating all amendments published on or before 21/05/2013.
The closest version currently available is that of 14/02/2011.
5. Subject to regulation 6, for the purposes of section 4B(4) of the Act, “deposit” does not include —
(a)
a sum paid by or on behalf of any person in consideration for the issue to him by the recipient of —
(i)
bonds or NCDs denominated in any foreign currency;
(ii)
bonds or NCDs denominated in Singapore dollars with an original maturity period of not less than 12 months; or
(iii)
bonds or NCDs denominated in Singapore dollars with an original maturity period of less than 12 months and issued with a denomination of not less than $200,000;
(b)
a sum paid by or on behalf of any person whose total net personal assets exceed $2 million or its equivalent in foreign currency at the time of the payment, or whose income in the preceding 12 months is not less than $300,000 or its equivalent in foreign currency at the time of the payment, in consideration for the issue to him by the recipient of bonds or NCDs denominated in Singapore dollars with an original maturity period of less than 12 months;
(c)
a sum paid by or on behalf of a company whose total net assets exceed $10 million in value or its equivalent in foreign currency as determined by the last audited balance-sheet of the company in consideration for the issue to the company, by the recipient, of bonds or NCDs denominated in Singapore dollars with an original maturity period of less than 12 months;
(d)
a sum paid by or on behalf of an officer of the recipient, a close relative of an officer of the recipient or a close relative of the recipient (if the recipient is a natural person), in consideration for the issue to the payer by the recipient, of bonds or NCDs denominated in Singapore dollars with an original maturity of less than 12 months;
(e)
a sum paid by or on behalf of any person in consideration of the issue to him of Singapore Government Securities; or
(f)
a sum paid by or on behalf of any person in consideration of the issue to him of bonds issued by any statutory board.