Singapore legislation
Clause 31
Clause 31
Transfer of assets and liabilities
(1)
Subject to subsection (2), as from the appointed day —
all movable property vested in the Government immediately before the appointed day for the purposes of the Planning Department and the Research and Statistics Unit, and all assets, rights or interests vested in, and all outstanding debts, liabilities and obligations incurred by, the Government in connection therewith; and
all the lands, buildings and other property, movable and immovable, vested in the former authority immediately before the appointed day, and all assets, rights and interests vested in, and all outstanding debts, liabilities and obligations incurred by, the former Authority in connection therewith,shall be transferred to and shall vest in the Authority without further assurance.
(2)
Subsection (1) shall not apply to any rights and interests vested in, and any outstanding liabilities and obligations incurred by, the former Authority immediately before the appointed day in connection with all sums of moneys paid or payable by way of instalments to the former Authority, or the payment of which is secured to the satisfaction of the former Authority, pursuant to section 49(3)(b) of the repealed Act.
(3)
If any question arises as to whether any particular movable property vested in the Government, or whether any particular asset, right, interest, liability or obligation of the Government 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.
(4)
No disclosure to the Authority under this section of information collected by the Research and Statistics Unit before the appointed day shall be called in question on the ground that such disclosure is contrary to section 5 of the Statistics Act [Cap. 317] or in breach of confidence.