Singapore legislation
Clause 8
Clause 8
Transitional provisions
(1)
Upon the date of commencement of this Act, all moneys remaining in the Compensation Fund established under the repealed section 13 of the principal Act (referred to in this section as the Fund) shall be transferred to the Tourist Promotion Fund established under section 12 of the Tourist Promotion Board Act [Cap. 328].
(2)
All moneys transferred to the Tourist Promotion Fund under subsection (1) shall be credited to a special account and shall, notwithstanding section 13 of the Tourist Promotion Board Act, be applied for the purpose specified in subsection (3) and for such other purposes for the benefit of travel agents as the Board may determine.
(3)
Where a person had, before the date of commencement of this Act or within 3 months after that date, applied for a payment from the Fund and on that date the application —
had been disposed of and a determination had been made to pay a grant but such payment had not been made, the Board shall pay to the applicant the amount so determined; or
had not been determined, the Compensation Fund Committee shall determine the application and the Board shall pay to the applicant a grant of the amount so determined.
(4)
For the purposes of subsection (3)(b), the Compensation Fund Committee established under section 13 of the principal Act in force immediately before the date of commencement of this Act shall continue to exist and shall determine any application under subsection (3)(b) in accordance with section 15 of the principal Act as if this Act had not been enacted.