72. Confirmation of transfers

Terms defined in this Act

• Agency

  Agency

  Defined · s 2

  “Agency” means the Skills and Workforce Development Agency established by section 3;

  Open s 2
• asset

  asset

  Defined · s 67

  “asset”, in relation to the transferor, means property of any kind (whether tangible or intangible, whether arising from, accruing under, created or evidenced by or the subject of, an instrument or otherwise and whether actual or contingent) of the transferor on the eve of the transfer date and includes, without limitation, any —(a)legal or equitable interest in real or personal property, whether situated in or outside Singapore;(b)chose in action;(c)money or securities;(d)plant and equipment, whether situated in or outside Singapore;(e)intellectual property;(f)infrastructure, whether situated in or outside Singapore;(g)records and information (including data) in any form; and(h)right;

  Open s 67
• document

  document

  Defined · s 2

  “document” means any thing (in whatever form) in which information or material of any description is recorded or stored, and includes any tape, disk or other storage device or medium;

  Open s 2
• Finance Minister

  Finance Minister

  Defined · s 2

  “Finance Minister” means the Minister charged with the responsibility for finance;

  Open s 2
• liability

  liability

  Defined · s 67

  “liability”, in relation to the transferor, means any liability, duty or obligation (whether actual or contingent, liquidated or unliquidated, and whether owed alone or jointly, or jointly and severally, with any other person) of the transferor on the eve of the transfer date;

  Open s 67
• transferor

  transferor

  Defined · s 67

  “transferor” means one of the following, as the case may be:(a)the SSG;(b)the WSG;

  Open s 67