What must a private hire car driver settle before renewing his vocational license?

The requirement to settle Medisave contributions before renewing a vocational license is a critical aspect of compliance for private hire car drivers. Medisave is a mandatory savings scheme that is part of Singapore's Central Provident Fund (CPF) system, aimed at ensuring that individuals save for their future healthcare needs. For private hire car drivers, meeting this obligation is essential to demonstrate fiscal responsibility and adherence to national regulation concerning health care and social security contributions.

Addressing Medisave contributions ensures that the driver is fulfilling their legal obligations and that they are contributing to the national healthcare system, which benefits not only the individual but also the broader community. This aspect reinforces the importance of maintaining financial and legal responsibilities as part of the privilege of holding a vocational license.

The other options involve financial obligations that may impact a driver’s operational capacity or vehicle compliance but do not carry the same legal weight regarding vocational license renewal as Medisave contributions. Therefore, settling Medisave contributions is notably emphasized in the context of renewing a vocational license, highlighting the necessity for drivers to maintain good standing in relation to social contributions.