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← Telecommunications Act 1999

Telecommunications Act 1999 s 48

s 48 Transfer of property, etc., under special administration order

48.—(1) Without limiting sections 46 and 47, a special administration order may provide for the following matters:(a) the transfer of the property, rights and liabilities of a specified telecommunication licensee to one or more prescribed transferees; (b) matters that are consequential or related to any such transfer.[19/2011] (2) If the Minister makes a special administration order providing for any matter mentioned in subsection (1), the Minister must, within 6 months after the making of the order, by notification in the Gazette, establish a scheme for determining the amount of any compensation payable to the specified telecommunication licensee for the transfer of its property, rights and liabilities.[19/2011] (3) A scheme established under subsection (2) may provide for —(a) the manner in which any compensation or consideration is to be assessed, including methods of calculation, valuation dates and matters to be taken into account or disregarded when making valuations; (b) the assessment to be made by an independent valuer appointed by the Minister; and (c) the remuneration and expenses of the independent valuer.[32K [19/2011]

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

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