Singapore legislation
Clause 5
Clause 5
Amendment of section 7
Section 7 of the principal Act is amended —
by deleting paragraph (a) and substituting the following paragraph:“(a)charge such amounts as the Board may from time to time determine for the use of facilities or services provided by the Board;”;
by deleting the word “and” at the end of paragraph (h);
by deleting the full-stop at the end of paragraph (i) and substituting a semi-colon, and by inserting immediately thereafter the following paragraphs:“(j)with the written approval of the Minister, form or participate in the formation of companies;
with the written approval of the Minister, enter into any joint ventures or arrangements for the purpose of sharing profits or otherwise for the purposes of this Act;
make or guarantee loans to persons employed by the Board for purposes specifically approved by the Board;
raise loans from the Government or, with the approval of the Minister, from any source;
carry out such functions as may, by any written law, be conferred on the Board; and
do such other acts as appear to the Board to be incidental or necessary to the discharge of its functions under this Act.”.