Singapore legislation

Section 22

of Singapore Land Authority Act

Section 22

Transfer to Authority of property, assets and liabilities

(1)

As from 1st June 2001 —

(a)

the assurance fund under section 151 of the Land Titles Act (Cap. 157);

(b)

such movable and immovable property vested in the Government as may be determined by the Minister for Finance and used or managed by the Government departments formerly known as —

(i)

the Singapore Land Registry (including the Land Dealings (Approval) Unit);

(ii)

the Land Office;

(iii)

the Survey Department; and

(iv)

the Land Systems Support Unit; and

(c)

all assets, interests, rights, privileges, liabilities and obligations of the Government relating to the assurance fund and to those departments,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, 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.

Read in full context — Singapore Land Authority Act →