Singapore legislation
Section 3
Section 3
Meaning of “associate”
(1)
For the purposes of this Act (other than Division 2 of Part 4), a person is an “associate” of a casino operator or an applicant for a casino licence if the person, in the opinion of the Authority, is able or will be able to exercise a significant influence over or with respect to the management or operation of the casino business of the casino operator or applicant.
(2)
In determining whether a person is able or will be able to exercise the significant influence referred to in subsection (1), the Authority may consider all or any of the following:
whether the person holds or will hold any relevant financial interest in the casino business of the casino operator or applicant;
whether the person is or will be entitled to exercise any relevant power (whether in right of the person or on behalf of any other person) in the casino business of the casino operator or applicant;
whether the person holds or will hold any relevant position (whether in right of the person or on behalf of any other person) in the casino business of the casino operator or applicant;
the degree of direct or indirect influence that the person has in the management or operation of the casino business of the casino operator or applicant;
any other matter that the Authority considers relevant.
(3)
In this section —
Definition
“relevant financial interest”, in relation to a business, means —
any share in the capital of the business; (b)any entitlement to receive any income derived from the business; or (c)any contribution to the capital of the business, whether by a loan or otherwise;
Definition
“relevant position”, in relation to a business, means the position of director or manager, or other executive position, however that position is designated;
Definition
“relevant power” means any power, whether exercisable by voting or otherwise and whether exercisable alone or in association with others —
to participate in any directorial, managerial or executive decision; or
to elect or appoint any person to any relevant position.