25E. Transfer of records

Terms defined in this Act

• asset

  asset

  Defined · s 25A

  “asset”, in relation to the transferor, means property of any kind (whether tangible or intangible, whether arising from, accruing under, created or evidenced by or the subject of, an instrument or otherwise and whether actual or contingent) of the transferor on the eve of the transfer date and includes, without limitation, any —(a)legal or equitable interest in real or personal property;(b)chose in action;(c)security;(d)money;(e)intellectual property;(f)infrastructure, plant and equipment;(g)records and information (including data) in any form; and(h)right;

  Open s 25A
• Authority

  Authority

  Defined · s 2

  “Authority” means the Accounting and Corporate Regulatory Authority established under section 3;

  Open s 2
• liability

  liability

  Defined · s 25A

  “liability”, in relation to the transferor, means any liability, duty or obligation (whether actual or contingent, liquidated or unliquidated, and whether owed alone or jointly, or jointly and severally, with any other person) of the transferor on the eve of the transfer date;

  Open s 25A
• transfer date

  transfer date

  Defined · s 25A

  “transfer date” means a date specified by the Minister by order in the Gazette for the purposes of this Part;

  Open s 25A
• transferor

  transferor

  Defined · s 25A

  “transferor” means the Singapore Accountancy Commission;

  Open s 25A
• transferring employee

  transferring employee

  Defined · s 25A

  “transferring employee” means any individual who, on the eve of the transfer date, is an employee of the transferor.

  Open s 25A