Singapore legislation
Regulation 4
of Gas (Transfer of Property, Rights, Obligations and Liabilities under section 98) Regulations
Regulation 4
Compensation for Transfer
Compensation to SembGas for the Transfer shall comprise the following:
(a)
payment by PowerGas, in accordance with regulation 5, of the net book value of the Assets as of the Appointed Day using a 40-year depreciation period as determined by the appointed auditor; and
(b)
payment by the Authority, in accordance with regulation 6, of $35 million.