Singapore legislation
Section 30
Section 30
Transfer to Authority of property, assets and liabilities
(1)
As from 1st April 2000, such movable and immovable property vested in the Government as may be determined by the Minister for Finance and used or managed by the Primary Production Department and all assets, interests, rights, privileges, liabilities and obligations of the Government relating to the Primary Production Department shall be transferred to and shall vest in the Authority without further assurance, act or deed.
(2)
If any question arises as to whether any particular property, or whether any particular asset, interest, right, privilege, liability or obligation has been transferred to or vested in the Authority under subsection (1), a certificate under the hand of the Minister for Finance shall be conclusive evidence that the property, asset, interest, right, privilege, liability or obligation was or was not so transferred or vested.
(3)
Any immovable property to be transferred to and vested in the Authority under subsection (1) shall be held by the Authority upon such tenure and subject to such terms and conditions as the President may determine.
(4)
All proceedings in respect of the transferred properties by or against the Primary Production Department which are pending on 1st April 2000 may be continued, completed and enforced by or against the Authority.
(5)
Every agreement relating to any of the transferred properties to which the Primary Production Department was a party immediately before 1st April 2000, whether or not of such nature that the rights and liabilities thereunder could be assigned, shall have effect as from that date as if —
the Authority had been a party to such an agreement; and
for any reference to the Primary Production Department there were substituted in respect of anything to be done on or after 1st April 2000 a reference to the Authority.