Singapore legislation

Clause 29

of Telecommunication Authority of Singapore Bill

Clause 29

Compensation for transferred undertaking

As soon as practicable after the date of the coming into operation of this Act, the Authority shall create and shall, by way of compensation for the transferred undertaking, issue to the Minister for Finance, a body corporate incorporated under the Minister for Finance (Incorporation) Act (Cap. 54), to hold for the purposes of the Government ordinary stock of a total nominal value to be agreed upon by and between the Minister for Finance and the Authority.

Clause 29 — Telecommunication Authority of Singapore Bill