Singapore legislation
Clause 8
Clause 8
Transitional provision
(1)
Subject to the provisions of subsection (2), every agreement, whether in writing or not, to which the former corporation was a party immediately before the date of commencement of this Act, and whether or not of such nature that the rights and liabilities thereunder could be assigned, shall have effect as from the date of commencement of this Act as if —
the corporation had been a party to such an agreement; and
for any reference (however worded and whether expressed or implied) to the former corporation there were substituted in respect of anything to be done on or after the date of commencement of this Act a reference to the corporation.
(2)
The appointment of any officer or servant of the former corporation subsisting immediately before the date of commencement of this Act shall, if such officer or servant so agrees, be deemed to be made by the corporation, and for the purpose of determining the rate of pension and gratuities on retirement the service of such officer or servant shall be regarded as continuous from the time he was appointed by the former corporation.
(3)
Where anything has been commenced by or under the authority of the former corporation before the date of commencement of this Act, such thing may be carried on and completed by or under the authority of the corporation.
(4)
All rights, obligations and liabilities which immediately before the date of commencement of this Act were vested in or incurred by the former corporation shall pass by succession to the corporation, and the corporation shall have all powers necessary to recover and deal with such rights and discharge such obligations and liabilities.