News

Time Magazine's Person Of The Year for 2006 is out. It is You!. By surfing the World Wide Web and leaving our footprints in cyberspace, we are all "Time's Person of the Year 2006".

Minister of State for Finance Lim Hwee Hua announced in Parliament on Friday, 2 March 2007, that non-public sector entities - including companies, charities, societies and cooperatives - will soon have to comply with accounting standards issued by a new Accounting Standards Board (ASB).

It was announced in Parliament on Friday, 2 March 2007, that the qualifying income level for legal aid will be raised from nearly S$2,000 now to S$2,600 in the second half of 2007.

The Singapore Management University (SMU) has formed its first advisory board for its soon-to-be-launched Law School with its chairman as the former Chief Justice Yong Pung How.

The government is relaxing the HDB's sub-letting policy which will see some 645,000 flats immediately eligible for sub-letting. The changes were announced by Minister for National Development, Mah Bow Tan, in Parliament on Saturday, 3 March 2007.

The Minister, in his speech touched on three matters: (1) legal aid for the needy; (b) changes to the practice of en-bloc sales; and (c) whether Singapore needs a single age of majority.

The Minister, in his speech touched on two matters: (1) the bankruptcy regime; and (2) criminal procedures.

The office of the Commissioner of Charities has launched in February 2007 the Charity Portal, to provide a convenient one-stop 'paper-less' process for application for charity status and IPC status. The web address is www.charities.gov.sg .

In a press release dated 22 February 2007, the Law Faculty of NUS has appointed a new Advisory Board charied by Professor Tommy Koh. Other prominent members of the board include President of the Law Society, Senior Counsel Mr Philip Jeyaretnam, Deputy Speaker of Parliament, Senior Counsel Ms Indranee Rajah and Member of Parliament, Senior Counsel Mr K Shanmugam.

The UK Statute Law Database (SLD) is the official revised edition of the primary legislation of the United Kingdom made available online. The SLD was released to the public on 20 December 2006.

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