Singapore legislation

Clause 21

of Casino Control (Amendment) Bill

Clause 21

Amendment of section 66

Section 66 of the principal Act is amended —

(a)

by deleting the words “appointed day,” in subsections (1) and (2) and substituting in each case the words “relevant date in relation to a corporation,”;

(b)

by deleting the words “a casino operator” in subsections (1) and (2) and substituting in each case the words “that corporation”;

(c)

by deleting the words “appointed day or such longer period” in subsection (2) and substituting the words “relevant date or such longer period”;

(d)

by deleting the words “casino operator” in paragraphs (a) and (b) of the definition of “12% controller” and in paragraphs (a) and (b) of the definition of “20% controller” in subsection (3) and substituting in each case the word “corporation”;

(e)

by deleting the definition of “indirect controller” in subsection (3) and substituting the following definition:“ “indirect controller” means any person, whether acting alone or together with any other person, and whether with or without holding shares or controlling voting power in a corporation, who is, in the opinion of the Minister, a person —

(a)

in accordance with whose directions, instructions or wishes the directors of the corporation are accustomed or under an obligation, whether formal or informal, to act; or

(b)

who is in a position to determine the policy of the corporation,but does not include any person in accordance with whose directions, instructions or wishes the directors of the corporation are accustomed to act by reason only that they act on advice given by him in his professional capacity.”;

(f)

by deleting the words “casino operator” wherever they appear in subsection (4) and substituting in each case the word “corporation”; and

(g)

by deleting the words “casino operator” in the section heading and substituting the words “corporation with casino licence”.