Clause 2

In this Act, unless the context otherwise requires —

“appointed day” means the date of commencement of this Act;

“Authority” means the Port of Singapore Authority established under the Port of Singapore Authority Act (Cap. 236) in force before the appointed day;

“securities”, in relation to a company, includes shares, debentures, bonds and other securities of the company, whether or not constituting a charge on the assets of the company;

“shares”, in relation to a company, means shares in, or stock forming part of, the capital of the company;

“successor Authority” means the Maritime and Port Authority of Singapore;

“successor company” means a company nominated by the Minister under section 3(1).

For the purposes of this Act, a company shall be regarded as wholly owned by the Government at any time when all the issued shares in the company are held by or on behalf of the Government.