s 67 Interpretation of this Part
67. 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; “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; “SkillsFuture Singapore Agency” or “SSG” means the public body of that name established by section 3 of the SkillsFuture Singapore Agency Act 2016 as in force before the date of commencement of section 73; “SSG employee” means an individual who, on the eve of the transfer date, is an employee of the SSG; “transfer date” means the date of commencement of this Part; “transferor” means one of the following, as the case may be:(a) the SSG; (b) the WSG; “Workforce Singapore Agency” or “WSG” means the public body of that name established by section 3 of the Workforce Singapore Agency Act 2003 as in force before the date of commencement of section 74; “WSG employee” means an individual who, on the eve of the transfer date, is an employee of the WSG.