Singapore legislation

Clause 6

of Housing and Development (Amendment) Bill

Clause 6

Amendment of section 55

Section 55 of the principal Act is amended —

(a)

by deleting the words “a Financial Officer” in subsection (2) and substituting the words “the Chief Financial Officer”;

(b)

by deleting subsections (7) and (8) and substituting the following subsection:“(7) The Auditor shall in his report state —

(a)

whether the financial statements show fairly the financial transactions and the state of affairs of the Board;

(b)

whether proper accounting and other records have been kept, including records of all assets of the Board, whether purchased, donated or otherwise;

(c)

whether the receipts, expenditure and investment of moneys, and the acquisition and disposal of assets by the Board during the financial year have been in accordance with this Act; and

(d)

such other matters arising from the audit as he considers should be reported.”; and

(c)

by renumbering subsection (9) as subsection (8).