Clause 20

As from the appointed day, all movable and immovable property vested in the Government immediately before that date and used or managed by the Department of Civil Aviation, including all movable and immovable property at the Changi Airport and leased out by the Government, and all assets, rights, interests, privileges, liabilities and obligations of the Government relating to that Department shall, subject to subsection (2), be transferred to and shall vest in the Authority without further assurance.

Any immovable property to be transferred to and vested in the Authority under subsection (1) shall be held by the Authority upon such tenure and subject to such terms and conditions as the President may determine.

If any question arises as to whether any particular movable or immovable property, or whether any particular asset, right, interest, liability or obligation has been transferred to or vested in the Authority under subsection (1), a certificate under the hand of the Minister for Finance shall be conclusive evidence that the property, asset, right, interest, liability or obligation was or was not so transferred or vested.