Singapore legislation
Regulation 84
of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020
Regulation 84
Advances to Official Assignee
Subregulation 1
The Accountant-General may, on the application of the Official Assignee, make to the Official Assignee advances out of the Bankruptcy Estates Account to meet current expenses.
Subregulation 2
The Official Assignee must pay all moneys advanced to the Official Assignee under this regulation to an account at some bank approved by the Minister.
Subregulation 3
The account must be kept in the name of the Official Assignee and entitled the “General Purposes Account” from which the Official Assignee must make all payments necessary to be made on account of the various estates under the Official Assignee’s control, debiting each estate with the amount paid on its account.