CUSTOMS (AMENDMENT NO. 2) BILL

Order for Second Reading read.

The Minister for Finance (Dr Richard Hu Tsu Tau): Mr Speaker, Sir, I beg to move, "That the Bill be now read a Second time."

My colleague, the Minister of State for Communications, has earlier proposed amendments to the Road Traffic Act to enable the implementation of the Weekend Car Scheme. Under the Scheme, a weekend car will be given a full rebate of the import duty, the net Additional Registration Fee and the quota premium, subject to a total maximum of $15,000.

The import duty on motor vehicles is levied under the Customs Act. The Customs (Amendment No. 2) Bill will provide for the granting of the rebate on import duty for the weekend car. It will also allow for the rebate to be offset against the balance of the Additional Registration Fee levied under the Road Traffic Act.

Sir, I beg to move.

Question put, and agreed to.

Bill accordingly read a Second time and committed to a Committee of the whole House.

The House immediately resolved itself into a Committee on the Bill. - [Dr Richard Hu Tsu Tau].

Bill considered in Committee.

[Mr Speaker in the Chair]

Clause 1 -

The Chairman: The marginal title "Short title and commencement" will be inserted.

Clauses 1 and 2 ordered to stand part of the Bill.

Bill reported without amendment; read a Third time and passed.