Singapore legislation

Clause 14

of Singapore Accountancy Commission Bill

Clause 14

Funds and property of Commission

The funds and property of the Commission shall include —

(a)

all grants made to the Commission under section 17;

(b)

all moneys paid to, and all other moneys and property lawfully received or recovered by, the Commission for the purposes of the Commission;

(c)

all moneys paid to the Commission by way of grants, subsidies, donations, gifts and contributions;

(d)

all moneys received by the Commission by way of fees and charges for services rendered by the Commission to any person and for matters and things done under this Act;

(e)

all moneys, dividends, royalties, interest and income received from any transaction made pursuant to the powers conferred on the Commission by or under this Act or any other written law;

(f)

all moneys borrowed by the Commission under this Act; and

(g)

all accumulations of income derived from any such property or money.