Singapore legislation
Clause 23
Clause 23
Saving and transitional provisions
(1)
Upon the date of commencement of section 4 (called in this section the corporatisation date) —
all movable and immovable property vested in the Public Transport Council before that commencement (called the Former Council);
all assets, interests, rights, privileges, liabilities and obligations relating to the Former Council; and
the whole of the undertaking of the Former Council,are transferred to and vest in the body corporate called the Public Transport Council without further assurance, act or deed, and the Former Council is dissolved.
(2)
All proceedings by or against the Former Council which are pending on the corporatisation date may be continued, completed and enforced by or against the body corporate called the Public Transport Council.
(3)
Upon the corporatisation date, any court ruling, order or judgment in favour of or against the Former Council may be enforced by or against the body corporate called the Public Transport Council.
(4)
Every agreement to which the Former Council was a party immediately before the corporatisation date (whether or not of such nature that the rights and liabilities under the agreement may be assigned) has effect as from that day as if —
the body corporate called the Public Transport Council was a party to such an agreement instead of the Former Council; and
for any reference to the Former Council, there were substituted in respect of anything to be done on or after that date a reference to the body corporate called the Public Transport Council.
(5)
All deeds, contracts, schemes, bonds, agreements, applications, instruments and arrangements subsisting immediately before the corporatisation date relating to the Former Council or to which the Former Council is a party, continue in force on and after that date as if they relate to the body corporate called the Public Transport Council and are enforceable by or against the body corporate called the Public Transport Council as if the body corporate was named in them or was a party to them instead of the Former Council.
(6)
Every contract of employment to which subsection (4) or (5) applies continues in force on or after the corporatisation date as if the body corporate called the Public Transport Council were the employer instead of the Former Council.
(7)
Every appointment of the Former Council in any role or capacity which is in force immediately before the corporatisation date takes effect and operates from that date as if the body corporate called the Public Transport Council were appointed.
(8)
Any authority or power conferred on the Former Council which is in force immediately before the corporatisation date takes effect and operates from that date as if it were conferred on the body corporate called the Public Transport Council.
(9)
Despite subsections (1) to (8), every member of the Former Council continues, on or after the corporatisation date, to be personally liable (jointly and severally with the body corporate called the Public Transport Council) for the liabilities and obligations of the Former Council which were incurred prior to that date or which arose from any contract entered into prior to that date.
(10)
However, if any member of the Former Council discharges any liability or obligation referred to in subsection (9), that member is entitled (subject to any agreement with the body corporate called the Public Transport Council to the contrary) to be fully indemnified by the body corporate called the Public Transport Council in respect of such liability or obligation.
(11)
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 the Minister may consider necessary or expedient.
(12)
Nothing in this section shall prejudice section 16 of the Interpretation Act (Cap. 1).