Singapore legislation

Clause 19

of Financial Procedure Bill

Clause 19

Write-off

The Minister shall in respect of public moneys and public stores have power —

(a)

to write-off losses or deficiencies of public moneys and the value of lost, deficient, condemned, unserviceable or obsolete public stores; and

(b)

to abandon any claim to irrecoverable amounts of revenue, debts and overpayments.