Singapore legislation
Clause 27
Clause 27
Amendment of section 76
Section 76 of the principal Act is amended —
by inserting, immediately after the words “controlled contract” in subsection (1), the words “or a notifiable contract”;
by inserting, immediately after the words “14 days” in subsection (1), the words “, or such longer period as the Authority may allow on application by any party to the contract,”;
by inserting, immediately after subsection (1), the following subsection:“(1A) The Authority may, in the event of any immediate threat to the credibility, integrity and stability of casino operations, by a notice in writing served on each party, direct that further performance of any controlled contract or notifiable contract (whether entered into before, on or after the date of commencement of section 27 of the Casino Control (Amendment) Act 2012) shall be suspended from the date the notice is served until a determination is made by the Authority as to whether the contract should be terminated.”;
by inserting, immediately after subsection (4), the following subsection:“(5) No compensation shall be payable by the Authority in respect of any contract which is suspended under subsection (1A), whether or not such contract is terminated under this section.”; and
by inserting, immediately after the words “controlled contract” in the section heading, the words “or notifiable contract”.