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← Terrorism (Suppression of Financing) Act 2002

Terrorism (Suppression of Financing) Act 2002 s 16

s 16 Power to manage

16.—(1) The power to manage or otherwise deal with property under section 15 includes —(a) in the case of perishable or rapidly depreciating property, the power to sell that property; and (b) in the case of property that has little or no value, the power to destroy that property. (2) Before a person appointed under section 15 destroys property mentioned in subsection (1)(b), the person must apply to a Judge for a destruction order. (3) Before making a destruction order in relation to any property, a Judge must require notice in accordance with subsection (4) to be given to, and may hear, any person who, in the opinion of the Judge, appears to have a valid interest in the property. (4) A notice under subsection (3) must be given in the manner that the Judge directs or as provided in the Rules of Court. (5) A Judge may order that property be destroyed if the Judge is satisfied that the property has little or no financial or other value.

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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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