Clause 77
Exemption of telecommunication installations and plant from distress and attachment
of Telecommunication Authority of Singapore Bill
BillNot in forceProvision 77 of 84
Clause 77
(1)
No telecommunication installations and plant of the Authority shall be subject to distress or be liable to be taken in execution under any process of a court in any bankruptcy or insolvency proceedings against any person.
(2)
The Authority shall be exempt from payment of —
(a)
income tax under the Income Tax Act (Cap. 141);
(b)
property tax under the Property Tax Act (Cap. 144); and
(c)
stamp duty under the Stamp Act (Cap. 147).