Singapore legislation

Schedule 2

of Competition Act 2004

Schedule 2

Powers of Commission

SECOND SCHEDULESection 7(1)Powers of Commission

1. To conduct such investigations as may be necessary for enforcing this Act.

2. To require any person to furnish such returns and information as may be necessary for implementing the provisions of this Act.

3. To issue or make arrangements for approving codes of practice relating to competition and to give approval to or withdraw approval from such codes of practice.

4. To publish educational materials or carry out other educational activities relating to competition; or to support (financially or otherwise) the carrying out by others of such activities or the provision by others of information or advice.

5. To carry out research and studies and to conduct seminars, workshops and symposia relating to competition, or to support (financially or otherwise) the carrying out by others of such activities.

6. With the Minister’s approval, to form or participate in the formation of any company, partnership or joint venture as a shareholder or partner or in any capacity.

7. To enter into such contracts as may be necessary or expedient for the purpose of performing its functions or discharging its duties.

8. To become a member or an affiliate of any international body, the functions, objects or duties of which are similar to those of the Commission.

9. To acquire and hold property, both movable and immovable, and to sell, lease, mortgage or otherwise dispose of the property.

10. To grant loans to officers or employees of the Commission for such purposes specifically approved by the Commission as are likely to increase the efficiency of the officers or employees.

11. To grant or guarantee loans to any officer or employee of the Commission for the purchase of a house, land or a flat or for the renovation of a house or a flat for the use or occupation of the officer or employee and his or her family (if any).

12. To make provision for gratuities, pensions, allowances or other benefits for employees or former employees of the Commission or its predecessors.

13. To make provision for the specialised training of any employee of the Commission and, in that connection, to offer scholarships to intending trainees or otherwise pay for the cost of the training and all expenditure incidental thereto.

14. To offer bursaries and scholarships for study at any school or institution of higher learning to members of the public and officers or employees of the Commission and members of their families.

15. To do anything incidental to any of its functions under this Act or any other written law.[23/2007]