Singapore legislation

Section 12

of Competition Act 2004

Section 12

Minister’s approval of estimates

Amended by5/20185/20185/20185/2018

(1)

A copy of all annual estimates of revenue and expenditure and supplementary estimates must, upon their adoption by the Commission, be sent without delay to the Minister.

Amended by5/2018

(2)

The Minister may approve or disallow any item or portion of any item shown in the annual estimates or supplementary estimates.

Amended by5/2018

(3)

The Minister must return the annual estimates or supplementary estimates as amended under subsection (2) to the Commission, and the Commission is bound by the Minister’s decision.

Amended by5/2018

(4)

However, the Commission may transfer all or any part of moneys assigned to one item of expenditure to any item under the same head of expenditure in any estimates approved by the Minister.

Amended by5/2018