§ 23B — Obligation to apply for registration

23B.—(1) A regulated retailer (X) who has an annual turnover for any trigger year that exceeds the prescribed annual turnover for the class of regulated retailers to which X belongs must, unless X is already a registered retailer for that class of regulated retailers, apply to the Agency before the applicable date in section 23C(1)(a) for that trigger year to be registered as a registered retailer for that class of regulated retailers.(2) A regulated retailer who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 3 months or to both.

(3) In a prosecution for an offence under subsection (2), it is not necessary for the prosecution to prove that the defendant intended to commit the offence.

(4) The offence under subsection (2) is a strict liability offence.

(5) In this section and section 23C, a trigger year is —(a)

2021 or a subsequent year; or

(b)

in the case of a regulated retailer who has been deregistered pursuant to an application under section 23D — any year from (and including) the year in which the regulated retailer is deregistered.[Act 14 of 2023 wef 26/05/2023]

—(1) A regulated retailer (X) who has an annual turnover for any trigger year that exceeds the prescribed annual turnover for the class of regulated retailers to which X belongs must, unless X is already a registered retailer for that class of regulated retailers, apply to the Agency before the applicable date in section 23C(1)(a) for that trigger year to be registered as a registered retailer for that class of regulated retailers.

(2) A regulated retailer who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 3 months or to both.

(3) In a prosecution for an offence under subsection (2), it is not necessary for the prosecution to prove that the defendant intended to commit the offence.

(4) The offence under subsection (2) is a strict liability offence.

(5) In this section and section 23C, a trigger year is —(a)

2021 or a subsequent year; or

(b)

in the case of a regulated retailer who has been deregistered pursuant to an application under section 23D — any year from (and including) the year in which the regulated retailer is deregistered.[Act 14 of 2023 wef 26/05/2023]