60A.—(1) For the purposes of this Act, a reference to an instrument or a description of instrument that effects a transaction includes —
(a)
an electronic record that effects, or an electronic record and a physical document that together effect, the same transaction, whether directly or indirectly; and
(b)
if the same transaction is effected whether directly or indirectly by a verbal communication and an electronic record, the electronic record but only if the transaction is concluded by means of the electronic record.
(2) For the purposes of this Act, a reference to an instrument or a description of instrument that is evidence of, or that signifies any matter includes, in a case where the transaction concerned is effected by electronic means and there is no physical document that evidences or signifies such matter, any electronic record that evidences or signifies the same matter.
[Act 37 of 2018 wef 04/10/2018]
(3) To avoid doubt —
(a)
an instrument mentioned in subsection (1) includes an instrument between sub-funds mentioned in section 60I(1) and an instrument with a sub-fund mentioned in section 60J(1); and
(b)
an instrument mentioned in subsection (2) includes an instrument between sub-funds mentioned in section 60I(2) and an instrument with a sub-fund mentioned in section 60J(2).