Singapore legislation
Clause 10
Clause 10
Saving provisions
(1)
Section 8(d), (e) and (f) shall not apply to or in relation to any regulatory default occurring before the date of commencement of those provisions; and the principal Act as in force immediately before that date shall continue to apply to and in relation to any regulatory default occurring before that date as if this Act had not been enacted.
(2)
For a period of 2 years after the date of commencement of any provision of this Act, the Minister may, by regulations, prescribe such additional provisions of a savings or transitional nature consequent on the enactment of that provision as he may consider necessary or expedient.
(3)
In this section, “regulatory default” means any one or more of the following by a company which is licensed under the principal Act to operate any rapid transit system:
any contravention or failure to comply with any matter referred to in section 19(1)(a), (c), (d) or (da) of the principal Act;
any compulsory or voluntary liquidation or any assignment to, or composition with, its creditors referred to in section 19(1)(e) or (f) of the principal Act.