Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part IX · Miscellaneous
127. Application of measures relating to international and domestic transactions
Feedback & supportNothing contained in this Act shall in any manner affect or derogate from, Division 2, Part XIV of the Financial Services Act 2013
or Division 2, Part XV of the Islamic Financial Services Act 2013, and in the application of any provision of this Act to any person, the provision shall apply subject to the provisions in those Divisions and, accordingly, in the event of any conflict or inconsistency between any provision of this Act and those Divisions, the provisions in those
person
“person” includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
Divisions shall prevail.
*NOTE—General savings–see section 111 of the Development Financial Institutions (Amendment)
development
“development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture;
Act 2015 [Act A1502] which comes into operation on 31 January 2016.
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