Singapore legislation
Regulation 17
Regulation 17
Income of trust property
Subregulation 1
The income of the trust property may be paid to the person for the time being entitled to receive the income either through a bank or direct (and where the person is a married woman may be so paid notwithstanding any restraint on anticipation).
Subregulation 2
Where authority is given to any corporation or bank to pay any income to any person, the books of that corporation or bank showing the payment of that income in accordance with the authority shall be a sufficient discharge to the Public Trustee.
Subregulation 3
Where authority is given to any person to pay any income to the bank of the person entitled, the certificate of that bank stating the receipt of that income shall be a sufficient discharge to the Public Trustee.
Subregulation 4
Where any person is solely entitled to receive any income, the Public Trustee may, on the request in writing of that person, and notwithstanding any restraint on anticipation, authorise that person, for such period as the Public Trustee may think fit, to collect or arrange for the collection of the income. During the continuance of any such authority such request in writing shall be a sufficient discharge to the Public Trustee in respect of the income, so long as that person remains solely entitled to receive the income.