Singapore legislation
Clause 8
Clause 8
Amendment of section 6
Section 6(1) of the principal Act is amended —
by deleting paragraphs (a) to (e) and substituting the following paragraphs:“(a)appoint committees or councils consisting of persons who may or may not be members of the Agency and delegate to any such committee or council such of its powers and functions which, in the opinion of the Agency, would be better regulated and managed by means of such committees or councils, except the power of delegation conferred by this paragraph;
form or participate in the formation of any company or enter into any joint venture or partnership for the purposes of this Act;
establish institutes for the conduct of research and development in the areas of science (including biomedicine), engineering and technology;
provide financial assistance (including scholarships) —
for the training and development of manpower in Singapore required for or conducive to the conduct of scientific and technological research and development, or to the commercial application of scientific knowledge or technology; or
to any person in the public or private sector for scientific and technological research and development, or for any commercial application of scientific knowledge or technology, in areas defined by the Agency;
provide or develop incubator facilities for new enterprises, and business support facilities to growing enterprises, which are based on or involved in the commercial application of scientific knowledge or technology developed by any public institute, research institute, educational institution, hospital or other speciality centre, whether or not funded by the Agency;”; and
by deleting the word “and” at the end of paragraph (j), and by inserting immediately thereafter the following paragraph:“(ja)with the approval of the Minister, establish any scheme for the payment of gratuities, pensions, provident fund or other superannuation benefits to such employees or classes of employees of the Agency as it may determine on their death in or retirement from the service of the Agency or on their otherwise leaving the service of the Agency; and”.