Clause 12

Section 47 of the principal Act is amended by deleting subsection (1) and substituting the following subsection: —“(1) The restriction imposed by subsection (1) of section 6 on an assurance disposing of any part of a subdivided building shall not apply to any assurance disposing of any interest in any flat in any subdivided building erected on registered land where the interest in the flat is held under a lease from the Jurong Town Corporation.”.