Singapore legislation
Regulation 48
of Insolvency, Restructuring and Dissolution (Saving and Transitional Provisions) Regulations 2020
Regulation 48
Saving and transitional provision for amendment of Public Utilities Act
Despite section 504 of the Act, section 41(8) of the Public Utilities Act (Cap. 261) as in force immediately before 30 July 2020 continues to apply to or in relation to any financial penalty imposed by the Public Utilities Board under section 41(7) of the Public Utilities Act on a person who is adjudged bankrupt pursuant to a bankruptcy application made before that date, and any interest on such financial penalty.