Full-name exemption and voluntary registration
The fact sheet says an individual using only the full name can remain identifiable without compulsory registration and may still register voluntarily. A name such as Tan Ah Bee illustrates the exemption, whereas Tan Ah Bee Tuition Centre adds words and requires registration. Music and tuition teaching are examples, not a blanket occupation exemption.
Registration period and first-time registrants
The proposed one- or three-year option applies where MediSave is paid in full or maintained through regular instalments with good records. It extends to first-time registrants, subject to maintaining good contribution records afterwards. Those already registered self-employed with CPF must already meet the stated payment condition.
Trading after cancellation or cessation
The Bill extends unregistered-trading civil and criminal consequences to continued business after registration cancellation or cessation where not restored. The civil consequence is that contractual rights arising from the business require court relief to enforce. That is separate from the criminal fine or imprisonment.
Offence rows 1–5: increased maxima
For unregistered or cancelled-registration trading, the proposed table also adds use of a business name different from the registered name and trading after notifying cessation. Together with non-compliance with a summons or information request, obstruction of the Registrar/inspector, and knowingly false information, the maximum rises from S$5,000 or 12 months, or both, to S$10,000 or two years, or both.
Rows 6–7: unchanged regulatory and update penalties
The rendered table shows no change for failure to comply with regulations or failure to submit changed particulars within 14 days: the stated earlier maximum remains S$5,000 or up to 12 months, or both. The visual table’s merged cells were checked so those rows are not incorrectly assigned the increased maximum for rows 1–5.
Row 8: representative appointments and notices
The unchanged S$1,000 group covers failure to replace the sole local manager within 30 days or notify appointment/cessation within 14 days. The proposed regime extends it to failure to appoint at least one authorised representative where required and to file appointment notice within 14 days. The term local manager changes to authorised representative.
Rows 9–10: unchanged bankruptcy and cessation penalties
An undischarged bankrupt carrying on or managing business without High Court or Official Assignee permission retains the stated maximum of S$10,000 or two years, or both. Failure to notify cessation within 14 days retains S$5,000. The fact sheet compares historical and proposed maxima and does not promise any particular sentencing outcome.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗