Singapore legislation
Section 6
Section 6
Functions of Authority
(1)
Subject to the provisions of this Act, the functions of the Authority are —
to administer the written laws specified in the Second Schedule;
to report and make recommendations to, and advise the Government on, matters relating to the registration and regulation of business entities and public accountants;
to establish and administer a repository of documents and information relating to business entities and public accountants and to provide access to the public to such documents and information;
to represent the Government internationally in respect of matters relating to the registration and regulation of business entities and public accountants;
to promote public awareness about new business structures, compliance requirements, corporate governance practices and any other matters under the purview of the Authority;
to provide a responsive and forward-looking regulatory environment for business entities and public accountants conducive to enterprise in Singapore; and
to carry out any other functions conferred on the Authority by this Act or any other written law.
(2)
The Authority may undertake any other functions that the Minister may, by notification in the Gazette, assign to the Authority and in so doing, the Authority is deemed to be fulfilling the purposes of this Act, and the provisions of this Act apply to the Authority in respect of such functions.
(3)
Nothing in this section is to be construed as imposing on the Authority, directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject.
(4)
In subsection (1), the reference to public accountants includes a reference to accounting firms and accounting corporations providing public accountancy services.