Singapore legislation

Clause 38

of Monetary Authority of Singapore Bill

Clause 38

Preliminary acts and expenses

Notwithstanding the provisions of section 1 of this Act, the Minister may at any time prior to the date of the coming into operation of Part II of this Act do all such acts and incur all such expenses as he may consider necessary in connection with the establishment of the Authority; and upon that date all such acts and expenses shall be deemed to have been done and incurred by the board.