Singapore legislation

Clause 57

Amendment of section 112

Section 112 of the principal Act is amended —

(a)

by deleting the words “specified in any written direction” in subsection (2) and substituting the words “imposed by the Authority under this Act”;

(b)

by deleting the words “terms or conditions” in subsection (3)(a) and substituting the words “conditions or restrictions”;

(c)

by inserting, immediately after subsection (3), the following subsection:“(3A) The Authority may at any time add to, vary or revoke any condition or restriction imposed under this section.”;

(d)

by deleting the words “term or condition” in subsection (4) and substituting the words “condition or restriction”; and

(e)

by inserting, immediately after the words “subsection (3)(a)” in subsection (4), the words “(including any condition or restriction added or varied under subsection (3A))”.

Read in full context — Business Trusts (Amendment) Bill →