Clause 23

Where an institution or fund was, before the appointed day, an institution of a public character to which approval had been granted under section 37(3) of the Income Tax Act (Cap. 134), the institution or fund shall, from the appointed day, be deemed to be an institution of a public character approved under the Charities Act, and the approval shall expire on the day the approval under the Income Tax Act would have expired if this Act had not been enacted.

Subsection (1) shall be without prejudice to the powers of the Minister, Commissioner or appropriate Sector Administrator, from the appointed day, to approve or revoke the approval of any institution or fund as an institution of a public character.

Any application for the approval of an institution of a public character under section 37(3) of the Income Tax Act made before the appointed day, which was not approved before that day, shall be deemed to be an application for approval as an institution of a public character made under the Charities Act.

Where any contravention of any regulations made under section 107 of the Income Tax Act has occurred before the appointed day, the Commissioner may exercise the powers conferred on the Comptroller of Income Tax in respect of such contravention before the appointed day, as if this Act had not been enacted.

In this section, “appointed day” means the date of commencement of section 17 of this Act.