Singapore legislation
Clause 2
Clause 2
Interpretation
In this Act, unless the context otherwise requires —“accounting standard” means —
an accounting standard made or formulated by the Council under Part III; or
an accounting standard for statutory bodies established by the Accountant-General under Part IV;“Chairman” means the Chairman of the Council appointed under section 4(1)(a), and includes any temporary Chairman of the Council if so appointed;“company” means any company incorporated under the Companies Act (Cap. 50) or any corresponding previous written law, and includes a foreign company registered under Division 2 of Part XI of that Act in respect of its operations in Singapore;“Council” means the Accounting Standards Council established under section 3;“making or formulating”, in relation to any accounting standard, includes amending and revoking the accounting standard;“member”, in relation to the Council, means a member of the Council and includes the Chairman thereof;“Minister” means the Minister charged with the responsibility for finance;“statutory body” means a body —
established or constituted by or under a public Act;
that has a public function; and
whose annual report and audited financial statements are required by written law to be presented to Parliament.
Definition
“accounting standard” means —
an accounting standard made or formulated by the Council under Part III; or
an accounting standard for statutory bodies established by the Accountant-General under Part IV;
Definition
“Chairman” means the Chairman of the Council appointed under section 4(1)(a), and includes any temporary Chairman of the Council if so appointed;
Definition
“company” means any company incorporated under the Companies Act (Cap. 50) or any corresponding previous written law, and includes a foreign company registered under Division 2 of Part XI of that Act in respect of its operations in Singapore;
Definition
“Council” means the Accounting Standards Council established under section 3;
Definition
“making or formulating”, in relation to any accounting standard, includes amending and revoking the accounting standard;
Definition
“member”, in relation to the Council, means a member of the Council and includes the Chairman thereof;
Definition
“Minister” means the Minister charged with the responsibility for finance;
Definition
“statutory body” means a body —
established or constituted by or under a public Act;
that has a public function; and
whose annual report and audited financial statements are required by written law to be presented to Parliament.