Lost vehicles are eligibile for PARF, COE rebates too

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Lost vehicles are eligibile for PARF, COE rebates too

Tue, Oct 20, 2009

AsiaOne

Mr Lim Biow Chuan: To ask the Minister for Transport why the Preferential Additional Registration Fee (PARF) and Certificate of Entitlement (COE) rebates are not granted to owners of vehicles that are reported lost in situations of a criminal breach of trust.

Mr Raymond Lim Siang Keat:

To be eligible for PARF and COE rebates, the owner of a vehicle has to de-register his or her vehicle and dispose of

it through scrap or permanent export.

Land Transport Authority (LTA) will grant the PARF and COE rebates to the owner upon submission of satisfactory disposal documents for the vehicle, to ensure that the vehicle is permanently taken off Singapore roads.

LTA will similarly grant the PARF and COE rebates to the owner of vehicles lost through a criminal breach of trust, or CBT.

The law was changed to allow this in 2004 and hence only applies to vehicles that have been lost on or after 1 January 2005, and reported to the Police.

To claim for the PARF and COE rebates of such vehicles, owners have to wait for 3 years from the date

when the loss was first reported to the Police. This is to prevent abuse or fraudulent requests.

more updates to come...

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