Singapore legislation
Clause 17
Clause 17
Amendment of section 23
Section 23 of the principal Act is hereby amended by deleting subsection (4) thereof and substituting therefor the following: —“(4) On application by or on behalf of a person who is a subsidiary proprietor of a lot or by or on behalf of a prospective purchaser of a lot that is offered for sale, the management corporation shall issue to that person a certificate certifying —
the amount determined pursuant to subsection (3) of this section as the contributions of that subsidiary proprietor;
the time and manner of payment of the amount determined by it pursuant to that subsection;
the extent (if any) to which the contribution has been paid;
the amount (if any) then recoverable by the management corporation in respect of the lot pursuant to subsection (5) of section 19 of this Act;
the sum or the respective sums standing to the credit of the fund or funds kept and maintained by the management corporation pursuant to subsection (1) of this section, and the amount or respective amounts out of that fund or those funds committed or earmarked for any expenses already incurred by the management corporation; and
whether or not the management corporation has incurred any expenditure or performed or is about to perform any repairs, work or act in respect of which a liability is likely to be incurred by the subsidiary proprietor under any provision of this Part and, if so, the estimated amount of the expenditure or the general nature of the repairs, work or act,and as against the management corporation and in favour of any person (including the member) relying in good faith on such certificate that certificate shall be conclusive evidence of the matters certified therein.”.