Singapore legislation
Clause 3
Clause 3
Amendment of section 3
Section 3 of the principal Act is amended —
by deleting subsection (1) and substituting the following subsections:“(1) For the purposes of this Act (other than Division 2 of Part IV), a person is an “associate” of a casino operator or an applicant for a casino licence if the person, in the opinion of the Authority, is able or will be able to exercise a significant influence over or with respect to the management or operation of the casino business of the casino operator or applicant.(1A) In determining whether a person is able or will be able to exercise the significant influence referred to in subsection (1), the Authority may consider all or any of the following:
whether the person holds or will hold any relevant financial interest in the casino business of the casino operator or applicant;
whether the person is or will be entitled to exercise any relevant power (whether in right of the person or on behalf of any other person) in the casino business of the casino operator or applicant;
whether the person holds or will hold any relevant position (whether in right of the person or on behalf of any other person) in the casino business of the casino operator or applicant;
the degree of direct or indirect influence that the person has in the management or operation of the casino business of the casino operator or applicant;
any other matter that the Authority considers relevant.”;
by deleting the word “or” at the end of paragraph (a) of the definition of “relevant financial interest” in subsection (2);
by inserting, at the end of paragraph (b) of the definition of “relevant financial interest” in subsection (2), the word “or”, and by inserting immediately thereafter the following paragraph:“(c)any contribution to the capital of the business, whether by a loan or otherwise;”; and
by deleting the words “, manager or secretary” in the definition of “relevant position” in subsection (2) and substituting the words “or manager”.