Regulation 2

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; and

includes, without limitation, any —

legal or equitable interest in real or personal property;

chose in action;

money or securities;

plant and equipment;

intellectual property;

infrastructure;

records and information (including data) in any form; and

right;“by-laws” means by-laws made under section 28 of the Act;“conservancy by-laws” means by‑laws relating to —

conservancy and service charges; or

penalties and administrative fees for the late payment of conservancy and service charges or licence fees;“constituency” means an electoral division specified in the first column of the Schedule to the Parliamentary Elections (Electoral Divisions — Names and Polling Districts) Notification 2025 (G.N. No. S 190/2025);“declared Town” means a Town declared by paragraph 5 and specified in the first column of the First Schedule;“former Town” means a Town declared by the Town Councils (Declaration) Order 2020 (G.N. No. S 641/2020);“interim period” has the meaning given by paragraph 4(b);“liability” means any liability, duty or obligation —

whether actual or contingent;

whether liquidated or unliquidated; and

whether owned alone or jointly, or jointly and severally, with any other person;“receiving Town Council”, in relation to a transferred area, has the meaning given by paragraph 3(b);“records” means registers, papers, documents, minutes, receipts, books of account and other records, however compiled, recorded or stored;“right”, in relation to a transferring Town Council, means any right, power, privilege or immunity of the transferring Town Council;“transfer date” has the meaning given by paragraph 4(a);“transferred area” has the meaning given by paragraph 3(a);“transferring Town Council”, in relation to a transferred area, has the meaning given by paragraph 3(b).