COVID-19 (Temporary Measures) Act 2020 · Updated to 1 Jul 2026 · Part 3 · Temporary Relief for Financially Distressed Individuals, Firms and Other Businesses
25. Modifications to Business Trusts Act
Official textFrom Singapore Statutes Online, unchanged
For the purpose of section 50(1) of the Business Trusts Act (Cap. 31A), an officer of the trustee‑manager is not to be treated as having no reasonable or probable ground of expectation of the trustee‑manager being able to pay a debt from the trust property of the registered business trust if the debt is incurred —
in the ordinary course of the business of the registered business trust;
during the prescribed period; and
prescribed period
“prescribed period” —(a)in relation to Part 1 or 3 — means the period prescribed under section 3 as extended or shortened under that section for Part 1 or 3; and(b)in relation to any scheduled contract in Part 2 — means the period prescribed under section 3 as extended or shortened under that section for that Part or for a description of contracts to which that contract belongs, as the case may be;
before the passing of a resolution approving or directing the winding up, or the making of a court order directing the winding up, of the registered business trust.
Terms defined in this Act
prescribed period
Defined · s 2“prescribed period” —(a)in relation to Part 1 or 3 — means the period prescribed under section 3 as extended or shortened under that section for Part 1 or 3; and(b)in relation to any scheduled contract in Part 2 — means the period prescribed under section 3 as extended or shortened under that section for that Part or for a description of contracts to which that contract belongs, as the case may be;
Part 4
Temporary Measures for Conduct of Meetings
Part 5
Temporary Measures for Court Proceedings and Syariah Court Proceedings
Part 6
Temporary Measures Concerning Remission of Property Tax
Part 7
COVID‑19 Control Orders
Part 8
Contracts Affected by Delay in the Performance or Breach of a Construction Contract, Supply Contract or Related Contract
Part 8A
Extension of Time for Construction Contracts
Part 8B
Temporary Measures for Cost-Sharing in Construction Contracts
Part 8C
Part 9
Temporary Measures for Conduct of Collective Sale of Property
Part 10
Further Reliefs for Specified Contracts
Part 10A
Part 11
Part 12