Singapore legislation
Regulation 6
of Gas (Transfer of Property, Rights, Obligations and Liabilities under section 98) Regulations
Regulation 6
Payment by Authority
Subregulation 1
This regulation shall apply in relation to regulation 4(b).
Subregulation 2
The Authority shall, on the Appointed Day, pay to SembGas the amount specified in regulation 4(b).
Subregulation 3
The Authority shall make the payment referred to in paragraph (2) by electronic transfer to such bank account maintained with a bank licensed by the Monetary Authority of Singapore as SembGas may specify in writing.