Relief under Part 2 of the Act
Relief under Part 2 of the Act
Types of Contracts Covered by the Act
No. | Contract | Prescribed Period | Deadline to serve a Notification for Relief | Deadline to file an Application for an Assessor’s Determination | FAQs |
1. | Leases and licences of non-residential property “Important note: This guide relates to temporary relief from contractual obligations under Part 2 of the Act which was originally introduced in April 2020 (i.e. the temporary moratorium from enforcement or legal action). If you are seeking information on the rental waivers and / or the moratorium on enforcement actions against tenant occupiers for the non-payment of rent, under the rental relief framework for Small and Medium Enterprises (SMEs) and specified non-profit organisations (NPOs) introduced in June 2020, please click here.” |
Extended to 19 November 2020 (formerly 19 October 2020) | 19 November 2020 | 19 November 2020* | Please click this link |
2. | Options to purchase and sale and purchase agreements with housing, commercial and industrial developers | Extended to 31 March 2021 (formerly 19 October 2020) | 31 March 2021 | SPAs: 31 March 2021* OTPs: 31 May 2021* |
Please click this link |
3. | Hire-purchase and conditional sales agreements | Extended to 31 January 2021 (formerly 19 October 2020) | Agreements with banks or MAS-regulated finance companies: 19 November 2020 Agreements with other financing companies: 31 January 2021 |
Agreements with banks or MAS-regulated finance companies: 19 November 2020* Agreements with other financing companies: 31 January 2021* |
Please click this link |
4. | Lease or Rental agreements for commercial equipment | Extended to 31 January 2021 (formerly 19 October 2020) | 31 January 2021 | 31 January 2021* | Please click this link |
5. | Secured loan agreements to SMEs | Extended to 19 November 2020 (formerly 19 October 2020) | 19 November 2020 | 19 November 2020* | Please click this link |
6. | Event and tourism-related contracts | Extended to to 31 January 2021 (formerly 19 October 2020) | 31 January 2021 | 31 March 2021 | Please click this link |
7. | Construction contracts and supply contracts | Extended to 31 March 2021 (formerly 19 October 2020) | 31 March 2021 | 31 May 2021 | Please click this link |
* The role of an Assessor in these cases is to determine whether the moratorium (i.e. temporary relief from legal and enforcement action) applies. An Assessor’s determination is no longer necessary after the expiry of the prescribed period, as the moratorium automatically lapses when the prescribed period expires.
Self-Assessment Tool
To assess your eligibility under Part 2 of the Act, please refer to the Self-Assessment Tool.
Notification for Relief
To serve a Notification for Relief, please click here.
Application for an Assessor’s Determination
To apply for an Assessor’s Determination, please click here.
Pending Court or Arbitration Proceedings
To obtain a stay or dismissal of Court or Arbitral Proceedings after submitting a Notification for Relief, please click here.