§ 49 — Interpretation of this Part

49. In this Part —“agreement” includes an arrangement or undertaking;

“asset”, in relation to the transferor, 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) of the transferor on the eve of the transfer date and includes, without limitation, any —(a)

legal or equitable interest in real or personal property, whether situated in or outside Singapore;

(b)

chose in action;

(c)

money or securities;

(d)

plant and equipment, whether situated in or outside Singapore;

(e)

intellectual property;

(f)

infrastructure, whether situated in or outside Singapore;

(g)

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

(h)

right;

“Health Promotion Board” or “HPB” means the Health Promotion Board established by section 3 of the Health Promotion Board Act 2001;

“liability”, in relation to the transferor, means any liability, duty or obligation (whether actual or contingent, liquidated or unliquidated, and whether owed alone or jointly, or jointly and severally, with any other person) of the transferor on the eve of the transfer date;

“records”, in relation to the transferor, means registers, papers, documents, minutes, receipts, books of account and other records, however compiled, recorded or stored, of the transferor existing on the eve of the transfer date;

“right”, in relation to the transferor, means any right, power, privilege or immunity of the transferor on the eve of the transfer date;

“transfer date” means the date of commencement of this Act;

“transferor” means one of the following, as the case may be:(a)

the Government;

(b)

the Health Promotion Board;

“transferring HPB employee” means an employee of the Health Promotion Board who, on the eve of the transfer date, is in any of the departments of the Health Promotion Board as specified in Part 1 of the Schedule;

“transferring HPB functions” means the functions discharged by any of the departments of the Health Promotion Board as specified in Part 1 of the Schedule on the eve of the transfer date;

“transferring MOH employee” means an employee of the Government who, on the eve of the transfer date, is in any of the departments of the Ministry of Health as specified in Part 2 of the Schedule;

“transferring MOH functions” means the functions discharged by any of the departments of the Ministry of Health as specified in Part 2 of the Schedule on the eve of the transfer date.