Singapore legislation

Clause 27

of Moneylenders (Amendment) Bill

Clause 27

Saving and transitional provisions

(1)

Where —

(a)

sections 13(11), 14(11), 16(1) and (4)(b), 17(14) and 79(2) of the unamended Act require any act, event or occurrence to be notified to the Registrar not later than or within 7 days after the act, event or occurrence (or awareness of the act, event or occurrence); and

(b)

the period of 7 days has not expired on the commencement date,the act, event or occurrence may be notified to the Registrar not later than or within 7 business days (as defined in section 2 of the principal Act on or after the commencement date) after the act, event or occurrence (or awareness of the act, event or occurrence) instead.

(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 saving or transitional nature consequent on the enactment of that provision as the Minister may consider necessary or expedient.

(3)

In this section —

Definition

“commencement date” means the date of commencement of sections 2, 3, 4, 5, 6 and 24 of this Act;

Definition

“unamended Act” means the Moneylenders Act 2008 as in force immediately before the commencement date.