Average instalments definition
Average instalments means collection of payments for the total fees involved in a sale of an interment right in respect of a niche (including the fees for the use of the niche, management fees, cleaning service charges, maintenance fees and other fees) by way of average and evenly distributed instalments at intervals each of no more than 1 year over the whole period for which the interment right in respect of a niche lasts. For example, if the interment right in respect of a niche lasts for 30 years, there should be no less than 30 instalments at intervals each of no more than 1 year.