Contract Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore, essential for ensuring the confirmation letter meets basic contractual requirements
Electronic Transactions Act: Governs electronic transactions and digital signatures, relevant when dealing with electronic payments and digital documentation
Bills of Exchange Act (Cap. 23): Regulates negotiable instruments and payment instruments, important for payment verification and documentation
Payment Systems (Oversight) Act: Regulates payment systems and settlement systems in Singapore
Payment Services Act 2019: Provides regulatory framework for payment systems and payment service providers, particularly relevant for digital payments
Evidence Act (Cap. 97): Governs the admissibility of evidence in legal proceedings, crucial as the confirmation letter may serve as evidence of payment
Income Tax Act: Relevant for tax implications and reporting requirements related to the payment
Goods and Services Tax Act: Applies to GST considerations if the payment includes any taxable supplies
Limitation Act (Cap. 163): Sets time limits for various types of legal actions and claims related to payments
Stamp Duties Act: Determines if the confirmation document requires stamp duty and the applicable rates
Currency Act: Regulates the use and acceptance of currency in Singapore
Monetary Authority of Singapore Act: Provides regulatory framework for monetary and financial sector policies affecting payment systems
