Singapore legislation
Section 31B
Section 31B
Meaning and effect of special administration orders
(1)
A special administration order is an order of the Minister made in accordance with section 31A directing that, during the period for which the order is in force, the affairs, business and property of the public waste collector licensee must be managed directly or indirectly by the Agency —
for securing one or more of the purposes of such an order set out in subsection (2); and
in a manner which protects the respective interests of the members, creditors and customers of that public waste collector licensee.
(2)
The purposes mentioned in subsection (1)(a) are —
the security and reliability of the supply of waste collection and removal services in any specified area to the public;
the survival of the public waste collector licensee, or the whole or part of its business for which it is authorised by its licence to carry on, as a going concern;
the transfer to another person, or (as respects different parts of its undertaking) to 2 or more different persons, as a going concern, of so much of the public waste collector licensee’s undertaking as it is necessary to transfer in order to ensure that the functions which have been vested in the public waste collector licensee by virtue of its licence may be properly carried out; or
the carrying out of those functions and duties which have been vested in the public waste collector licensee pending the making of the transfer and the vesting of those functions and duties in other person or persons.
(3)
The Minister may, by rules in the Gazette, give effect to this section and section 31A, including making provision for applying, omitting or modifying provisions of Part 7 of the Insolvency, Restructuring and Dissolution Act 2018 where a special administration order is made.