Singapore legislation
Clause 18
of Anti-Money Laundering and Other Matters (Estate Agents and Developers) Bill
Clause 18
Saving and transitional provisions
(1)
Sections 8 and 9 (which amend sections 49 and 52, respectively, of the Estate Agents Act 2010) do not apply to any contravention before the date of commencement of those provisions of —
any provision of Part 4A of the Estate Agents Act 2010; or
any regulation made under section 72, or any code of practice, ethics and conduct prescribed or issued and published under section 42(1), of the Estate Agents Act 2010, in respect of requirements relating to the detection and prevention of money laundering or terrorism financing, or for the reporting of transactions suspected of involving money laundering or terrorism financing,and sections 49 and 52 of the Estate Agents Act 2010 as in force immediately before that date continue to apply to any such contravention as if sections 8 and 9 had not been enacted.
(2)
Section 13 (which amends section 27A of the Housing Developers (Control and Licensing) Act 1965) does not apply to any compoundable offence reasonably suspected of having been committed before the date of commencement of that section, and section 27A of the Housing Developers (Control and Licensing) Act 1965 as in force immediately before that date continues to apply to any such offence as if section 13 had not been enacted.
(3)
For a period of 2 years after the date of commencement of any provision of this Act, the Minister may, by regulations, prescribe any additional provisions of a saving or transitional nature consequent on the enactment of that provision that the Minister may consider necessary or expedient.