Singapore legislation
Clause 18
of Info-communications Development Authority of Singapore Bill
Clause 18
Transfer to Authority of property, assets and liabilities of TAS and NCB
(1)
As from the appointed day, such movable and immovable property vested in the TAS and the NCB, and all assets, interests, rights, privileges, liabilities and obligations of the TAS and the NCB 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 shall be conclusive evidence that the property, asset, interest, right, privilege, liability or obligation was or was not so transferred or vested.