s 101 Interpretation of this Part
101. In this Part —“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 Singapore or elsewhere; (b) chose in action; (c) money or securities; (d) plant and equipment, whether situated in Singapore or elsewhere; (e) intellectual property; (f) infrastructure, whether situated in Singapore or elsewhere; (g) records; and (h) right; “legal metrology functions” means the following functions:(a) promoting among suppliers in Singapore, and educating consumers on, legal metrology; (b) administering and enforcing the Weights and Measures Act 1975; (c) acting internationally as the national body representative of Singapore in respect of legal metrology; (d) advising the Government, any public authority or any consumer protection organisation on national needs and policies in respect of legal metrology; “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; “product safety functions” means the following functions:(a) promoting among suppliers in Singapore, and educating consumers on, the supply of safe consumer goods and the provision of relevant safety information about consumer goods; (b) preventing the supply of unsafe consumer goods in Singapore; (c) acting internationally as the national body representative of Singapore in respect of promoting and enforcing —(i) the supply of safe consumer goods in Singapore; and (ii) the provision of relevant safety information about consumer goods; (d) advising the Government, any public authority or any consumer protection organisation on national needs and policies in respect of promoting and enforcing —(i) the supply of safe consumer goods in Singapore; and (ii) the provision of relevant safety information about consumer goods; “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 section 7 of the Competition (Amendment) Act 2025; “transferor” means the Enterprise Singapore Board established by section 3 of the Enterprise Singapore Board Act 2018.[Act 13 of 2025 wef 01/07/2025]