Singapore legislation
Clause 48
Clause 48
Operation of internal telecommunication service by the Board
(1)
The Board shall, on behalf of the Government, operate, maintain, plan for and develop an internal telecommunication service.
(2)
For the purpose of providing such internal telecommunication service —
the Government shall make available to the Board all its assets and undertaking connected therewith, except as otherwise directed by the Minister;
the Company shall not be a contributing or participating party thereto, but shall transfer to the Government at a value to be agreed upon by the Government and by the Company at the date of such transfer, all or any of its assets or undertaking connected therewith; and
the Board shall, subject to the provisions of Part IV of this Ordinance, maintain separate accounts and, after making due allowance for all necessary and reasonable expenses including agreed management fees and reserves of funds connected therewith, account with the Government for any surplus or deficit.
(3)
The provisions of this section shall be without prejudice to the Government and the Company agreeing at any subsequent date to the Board acquiring the assets of and assuming complete responsibility for such internal telecommunication service in the the same manner and on the same terms as its external telecommunication service is being operated in accordance with the provisions of this Ordinance.