Singapore legislation

Clause 23

of Accounting and Corporate Regulatory Authority Bill

Clause 23

Transfer of employees

(1)

As from the appointed day —

(a)

such persons or categories of persons as the Minister may determine who, immediately before that day, were employed by the Government in the Registry of Companies and Businesses; and

(b)

every person employed immediately before that day by the Public Accountants Board,shall be transferred to the service of the Authority on terms no less favourable than those enjoyed by them immediately prior to their transfer.

(2)

If any question arises as to whether any person or any category of persons has been transferred to the service of the Authority under subsection (1), a certificate under the hand of the Minister shall be conclusive evidence that the person or category of persons was or was not so transferred.

(3)

Until such time as terms and conditions of service are drawn up by the Authority, the scheme and terms and conditions of service in the Government or in the Public Accountants Board, as the case may be, shall continue to apply to every person transferred to the service of the Authority under subsection (1) as if he were still in the service of the Government or the Public Accountants Board, as the case may be.

(4)

Notwithstanding the provisions of the Pensions Act (Cap. 225), no person who is transferred to the service of the Authority under this section shall be entitled to claim any benefit under that Act on the ground that he has been retired from the public service on account of abolition or reorganisation of office in consequence of the establishment of the Authority.

Clause 23 — Accounting and Corporate Regulatory Authority Bill