Singapore legislation
Section 33
Section 33
Transfer to Authority of property, assets and liabilities
(1)
As from 2 April 2008, such movable and immovable property vested in the Government as may be determined by the Minister for Finance and used or managed by the Ministry of Home Affairs and such assets, interests, rights, privileges, liabilities and obligations of the Government as may be determined by the Minister for Finance relating to the Ministry of Home Affairs are transferred to and 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 is 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) is to be held by the Authority upon such tenure and subject to such terms and conditions as the President may determine.
(4)
Every agreement relating to any of the transferred properties to which the Government was a party immediately before 2 April 2008, whether or not of such nature that the rights and liabilities thereunder could be assigned, has effect as from that date as if —
the Authority had been a party to such an agreement; and
for any reference to the Government there were substituted in respect of anything to be done on or after 2 April 2008 a reference to the Authority.