Schedule 1 · Constitution and proceedings of Oversight Committee

FIRST SCHEDULESections 4(4), 38C(3) and 64ABConstitution and proceedings of Oversight Committee

1. The Chairperson of the Oversight Committee must be appointed by the Authority, with the approval of the Minister, from among the members of the Oversight Committee who are members of the Authority.[Act 36 of 2022 wef 01/04/2023]Temporary Chairperson

2. The Authority may, with the approval of the Minister, appoint any member of the Oversight Committee to be a temporary Chairperson whenever the Chairperson is unable to discharge his or her functions because of absence from Singapore or incapacity from illness or otherwise.[Act 36 of 2022 wef 01/04/2023]Revocation of appointment

3. The Authority may, at any time and with the approval of the Minister, revoke the appointment of any member of the Oversight Committee and, in exercising its power under this paragraph, the Authority is not required to assign any reason for the revocation.[Act 36 of 2022 wef 01/04/2023]Tenure of office of appointed member

4. A member of the Oversight Committee, unless he or she resigns during his or her term of office, holds office for a period not exceeding 3 years and is eligible for re‑appointment on completion of that period.Filling of vacancies

5. If an appointed member resigns, dies or has his or her appointment revoked before the expiry of the term for which he or she has been appointed, the Authority may, with the approval of the Minister, appoint a person to fill the vacancy in the manner in which the appointment to the vacant office was made and every person so appointed holds office for the residue of the term for which his or her predecessor was appointed.[Act 36 of 2022 wef 01/04/2023]Oversight Committee may act despite vacancy

6. The Oversight Committee may act despite any vacancy in its membership.Meetings of Oversight Committee7.—

The Oversight Committee must meet for the despatch of business at such times and places as the Chairperson may appoint.

At any meeting of the Oversight Committee, 3 members form a quorum.

The Chairperson presides at all meetings of the Oversight Committee and in his or her absence, the temporary Chairperson presides at the meeting.

All questions arising at any meeting must be decided by a majority of the votes of the members present and voting; except that in the case of an equality of votes, the Chairperson or temporary Chairperson has a casting vote.

Subject to the provisions of this Act, the Oversight Committee may regulate its own procedure generally and, in particular, regarding the holding of meetings, the notice to be given of such meetings, the proceedings at those meetings, the keeping of minutes and the custody, production and inspection of such minutes.Common seal and execution of documents8.—

The Oversight Committee must have a common seal and the seal may, from time to time, be broken, changed, altered and made anew as the Oversight Committee thinks fit.

The common seal must be kept in the custody of the Chairperson and must be authenticated by the Chairperson or by the temporary Chairperson in the absence of the Chairperson.

Any document purporting to be sealed with the common seal and so authenticated is, until the contrary is proved, deemed to be validly executed.[Act 32 of 2022 wef 01/07/2023]