s 74 Interpretation of this Part
74. In this Part, unless the context otherwise requires —“agreement” includes an arrangement and an 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; and (g) right; “Info-communications Development Authority of Singapore” means the Info-communications Development Authority of Singapore established by section 3 of the Info‑communications Development Authority of Singapore Act (Cap. 137A, 2000 Revised Edition); “liability”, in relation to the transferor, means any liability, debt 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 1 October 2016; “transferor” means the Info‑communications Development Authority of Singapore; “transferring IDA employee” means an employee of the Info‑communications Development Authority of Singapore who, on the eve of the transfer date, is in the Government Technology Agency Designate Wing of the Info‑communications Development Authority of Singapore; “transferring IDA function” means the functions discharged by the Government Technology Agency Designate Wing of the Info-communications Development Authority of Singapore on the eve of the transfer date.