Singapore legislation
Regulation 16
Regulation 16
Transferring Town Councils to submit audited statements on transfer
Within 120 days after the transfer date for a transferred area, the transferring Town Council must —
(a)
prepare and submit to the Minister an audited statement of all the assets, liabilities, income and expenditure of the transferring Town Council for the period from and including 1 April 2025 to the end of the eve of the transfer date, insofar as they relate to the transferred area; and
(b)
send a copy of the audited statement to the receiving Town Council for the transferred area.