Singapore legislation

Clause 58

of Bankruptcy (Amendment) Bill

Clause 58

Amendment of section 163

Section 163 of the Bankruptcy Act is amended —

(a)

by deleting subsection (1) and substituting the following subsections:“(1) The Official Assignee must maintain, in such form or manner as the Official Assignee thinks fit —

(a)

a list of undischarged bankrupts;

(b)

a list of discharged bankrupts;

(c)

a record of every bankruptcy order;

(d)

a record of every order rescinding a bankruptcy order;

(e)

a record of every order, and every certificate of the Official Assignee, discharging a bankruptcy order; and

(f)

a record of every order, and every certificate of the Official Assignee, annulling a bankruptcy order.(1A) Subject to subsections (1B) and (1C), the Official Assignee may allow any person, on payment of the prescribed fee, to inspect or otherwise have access to the whole or any part of any list or record referred to in subsection (1)(a) to (e) as the Official Assignee may determine.(1B) Subject to section 123A(3), where a bankruptcy order has been annulled, no person may inspect or have access to any part of any record maintained by the Official Assignee which relates to the bankruptcy order or the annulment of the bankruptcy order.(1C) Where an individual’s target contribution was paid in full before the individual’s discharge from bankruptcy, and 5 years have lapsed after the date of discharge, no person (except the individual) may inspect or otherwise have access to —

(a)

the part of the list referred to in subsection (1)(b) relating to the bankruptcy which the individual was discharged from; and

(b)

the part of any record referred to in subsection (1)(c) or (e) relating to the bankruptcy which the individual was discharged from.”; and

(b)

by deleting the section heading and substituting the following section heading:“List of undischarged bankrupts, etc., to be kept”.

Clause 58 — Bankruptcy (Amendment) Bill | laws.sg