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← Insolvency, Restructuring and Dissolution Act 2018

Insolvency, Restructuring and Dissolution Act 2018 s 34

s 34 Liability of Official Assignee, etc.

34.—(1) All sums required to discharge any liability that the Official Assignee may be personally liable to discharge are to be charged on the Consolidated Fund. (2) Neither the Official Assignee nor any officer of the Official Assignee is to be personally liable for any act that the Official Assignee or officer (as the case may be) did not contribute to in any way or could not by the exercise of reasonable diligence have averted. (3) No liability is to lie personally against the Official Assignee, or any officer of the Official Assignee acting under the direction of the Official Assignee, who, acting in good faith and with reasonable care, does or omits to do anything in the course of or in connection with —(a) the exercise or purported exercise of any power; or (b) the performance or purported performance of any function or duty, under section 20, 25, 334, 358, 370, 379, 382, 393, 395, 403, 433 or 436(3). (4) Any liability that but for subsection (3) would lie against the Official Assignee, or any officer of the Official Assignee, is to lie instead against the Government.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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