Singapore legislation
Clause 6
Clause 6
Functions of Authority
(1)
Subject to the provisions of this Act, the functions of the Authority shall be —
to administer the written laws specified in the Second Schedule;
to report and make recommendations to, and advise the Government on, matters relating to the registration and regulation of business entities and public accountants;
to establish and administer a repository of documents and information relating to business entities and public accountants and to provide access to the public to such documents and information;
to represent the Government internationally in respect of matters relating to the registration and regulation of business entities and public accountants;
to promote public awareness about new business structures, compliance requirements, corporate governance practices and any other matters under the purview of the Authority;
to provide a responsive and forward-looking regulatory environment for business entities and public accountants conducive to enterprise in Singapore; and
to carry out such other functions as may be conferred on the Authority by this Act or any other written law.
(2)
The Authority may undertake such other functions as the Minister may from time to time, by notification in the Gazette, assign to the Authority and in so doing, the Authority shall be deemed to be fulfilling the purposes of this Act, and the provisions of this Act shall apply to the Authority in respect of such functions.
(3)
Nothing in this section shall be construed as imposing on the Authority, directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject.
(4)
In subsection (1), the reference to public accountants includes accounting firms and accounting corporations.