Statute Details
- Title: Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 9) Order 2013
- Full Title: Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 9) Order 2013
- Act Code: TSFA2002-S428-2013
- Type: sl
- Commencement Date: 15 Jul 2013
- Parts: N/A
- Key Sections: 1, 2
- Related Legislation: Terrorism (Suppression of Financing) Act
What Is This Legislation About?
The Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 9) Order 2013 is a piece of subsidiary legislation enacted under the Terrorism (Suppression of Financing) Act of Singapore. Its purpose is to provide a limited exemption from the general prohibition on dealing with property connected to terrorist financing, as set out in the parent Act.
Specifically, this Order exempts two named individuals - MSIG Insurance (S) Pte Ltd and Norsiah Binte Sahali - from the application of Section 6 of the Terrorism (Suppression of Financing) Act. Section 6 prohibits any person from dealing with property linked to terrorist financing. The exemption allows these parties to carry out certain specified financial transactions that would otherwise be prohibited under the Act.
What Are the Key Provisions?
The key provisions of the Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 9) Order 2013 are as follows:
Exemption for MSIG Insurance (S) Pte Ltd: Section 2(1) of the Order exempts MSIG Insurance (S) Pte Ltd from the prohibition in Section 6 of the Terrorism (Suppression of Financing) Act. This allows MSIG to make a payment of $1,800 in work injury compensation, plus any interest, to Norsiah Binte Sahali. The exemption is subject to the condition that the money is deposited into a bank account designated for Norsiah Binte Sahali.
Exemption for Norsiah Binte Sahali: Section 2(2) of the Order further exempts Norsiah Binte Sahali from the prohibition in Section 6 of the Act. This allows her to withdraw money from the designated bank account and use those sums, subject to any conditions stated in the notice of exemption.
Conditions of Exemption: Section 2(3) specifies that the exemption for Norsiah Binte Sahali's use of the withdrawn sums is subject to the conditions stated in the notice of exemption referred to in Section 2(1).
How Is This Legislation Structured?
The Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 9) Order 2013 is a short piece of subsidiary legislation consisting of only two sections:
1. Citation and Commencement: This section provides the title of the Order and states that it came into effect on 15 July 2013.
2. Exemption: This section sets out the specific exemptions granted from the prohibition on dealing with property connected to terrorist financing, as well as the conditions attached to those exemptions.
Who Does This Legislation Apply To?
The Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 9) Order 2013 applies to two named parties:
MSIG Insurance (S) Pte Ltd: This insurance company is exempted from the prohibition on dealing with property connected to terrorist financing, in order to allow it to make a specific payment of work injury compensation to Norsiah Binte Sahali.
Norsiah Binte Sahali: This individual is exempted from the prohibition on dealing with property connected to terrorist financing, in order to allow her to receive the work injury compensation payment from MSIG Insurance and to withdraw and use those funds, subject to certain conditions.
The Order does not appear to have any broader application beyond these two named parties.
Why Is This Legislation Important?
The Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 9) Order 2013 is important because it demonstrates the Singapore government's commitment to implementing the Terrorism (Suppression of Financing) Act in a targeted and nuanced manner.
The general prohibition on dealing with property connected to terrorist financing, as set out in Section 6 of the parent Act, is a crucial tool in disrupting the flow of funds to terrorist organizations. However, the government recognizes that there may be legitimate reasons why an individual or entity may need to engage in a transaction involving such property.
By issuing this Order, the government is exercising its power under Section 7(1) of the Act to grant exemptions from the prohibition, where appropriate. This allows the authorities to balance the need to suppress terrorist financing with the need to accommodate certain lawful and innocuous financial activities.
The specific exemptions granted in this case, for the payment of work injury compensation, demonstrate the government's pragmatic approach to implementing the anti-terrorist financing regime. It ensures that innocent parties are not unduly burdened or harmed by the broad prohibition in Section 6.
Related Legislation
- Terrorism (Suppression of Financing) Act (Chapter 325)
Source Documents
This article provides an overview of the Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 9) Order 2013 for legal research and educational purposes. It does not constitute legal advice. Readers should consult the official text for authoritative provisions.