Singapore legislation
Clause 32
Clause 32
Transfer to Authority of property, assets and liabilities of Government
(1)
As from the appointed day, such movable and immovable property vested in the Government as may be determined by the Minister for Finance and used or managed by —
the Registry of Vehicles;
the Roads and Transportation Division of the Public Works Department; and
the Land Transport Division of the Ministry of Communications,and all assets, interests, rights, privileges, liabilities and obligations of the Government relating to the Registry of Vehicles, the Roads and Transportation Division of the Public Works Department and the Land Transport Division of the Ministry of Communications shall be transferred to and shall vest in the Authority without further assurance.
(2)
If any question arises as to whether any particular property, or whether any particular asset, interest, right, privilege, 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, interest, right, privilege, liability or obligation was or was not so transferred or vested.
(3)
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 of Singapore may determine.