Singapore legislation

Section 16

of Terrorism (Suppression of Financing) Act 2002

Section 16

Power to manage

(1)

The power to manage or otherwise deal with property under section 15 includes —

(a)

in the case of perishable or rapidly depreciating property, the power to sell that property; and

(b)

in the case of property that has little or no value, the power to destroy that property.

(2)

Before a person appointed under section 15 destroys property mentioned in subsection (1)(b), the person must apply to a Judge for a destruction order.

(3)

Before making a destruction order in relation to any property, a Judge must require notice in accordance with subsection (4) to be given to, and may hear, any person who, in the opinion of the Judge, appears to have a valid interest in the property.

(4)

A notice under subsection (3) must be given in the manner that the Judge directs or as provided in the Rules of Court.

(5)

A Judge may order that property be destroyed if the Judge is satisfied that the property has little or no financial or other value.