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On 23/05/2013, you requested for the version in force on 23/05/2013 incorporating all amendments published on or before 23/05/2013. The closest version currently available is that of 19/09/2008.
Exemption
3.
—(1)  Section 3 of the Act shall not apply in relation to the use of any motor vehicle —
(a)
for the purpose of the Fédération Internationale de l’Automobile Formula One World Championship 2008 in Singapore within the designated racing circuit; and
(b)
when there is in force a policy of insurance in relation to that motor vehicle insuring the owner of the motor vehicle or such other person (as may be specified in the policy) who drives the motor vehicle, jointly and each of them severally, against any liability which may be incurred by the owner or that other person jointly or by either of them severally, in respect of the death of or bodily injury to any person caused by or arising out of the use of the motor vehicle in Singapore.
(2)  The exemption referred to in sub-paragraph (1) shall be valid from 20th September 2008 to 2nd October 2008 (both dates inclusive).