Remittances to Companies Liquidation Account
33.—(1)  For the purposes of section 146 of the Act, unless the Court directs otherwise and subject to rule 139 of the Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020 (G.N. No. S 603/2020), every liquidator must pay, without deduction, any money received by him or her, as liquidator of a company, to the Official Receiver to be placed to the credit of the Companies Liquidation Account.
(2)  The liquidator must make the payment once a week, or immediately if the liquidator receives a sum of $1,000 or more.
(3)  The payment may be made —
(a)by cheque; or
(b)by means of an electronic funds transfer system designated by the Official Receiver for that purpose.