70. Confirmation of transfers

Terms defined in this Act

• Agency

  Agency

  Defined · s 2

  “Agency” means the SkillsFuture Singapore Agency established by section 3;

  Open s 2
• asset

  asset

  Defined · s 65

  “asset”, in relation to a 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 Singapore or elsewhere;(b)chose in action;(c)money or securities;(d)plant and equipment, whether situated in Singapore or elsewhere;(e)intellectual property;(f)infrastructure, whether situated in Singapore or elsewhere; (g)records; and(h)right;

  Open s 65
• liability

  liability

  Defined · s 65

  “liability”, in relation to a 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 65
• transferor

  transferor

  Defined · s 65

  “transferor” means —(a)the Council for Private Education; or(b)the Singapore Workforce Development Agency;

  Open s 65