Singapore legislation

Clause 23

of Info-communications Media Development Authority Bill

Clause 23

Interpretation of this Division

(1)

In this Division, “relevant matter” means a matter that relates to, or may in the future relate to —

(a)

the performance of a function, or the exercise of a power, of the Authority; or

(b)

an arrangement or an agreement made or entered into, or proposed to be made or entered into, by or on behalf of the Authority.

(2)

A member is interested in a relevant matter if —

(a)

the member, or an associate of the member, may derive a financial benefit from the relevant matter;

(b)

the member, or an associate of the member, may have a financial interest in a person to whom the relevant matter relates; or

(c)

the member, or an associate of the member, is otherwise, directly or indirectly, interested in the relevant matter.

(3)

However, a member is not interested in a relevant matter —

(a)

only because of an interest in a question about the level of salaries, fees, allowances or expenses to be set for members;

(b)

only because of an interest that the member, or an associate of the member, shares in common with the general public or a substantial section of the public;

(c)

only because the member, or an associate of the member, has an interest in the payment or reimbursement of membership fees for, or expenses related to membership in, a body with predominantly charitable objects;

(d)

only because the member has past or current involvement in the relevant sector, industry or practice; or

(e)

if his or her interest is so remote or insignificant that it cannot reasonably be regarded as likely to influence him or her in carrying out his or her responsibilities under this Act or another Act administered by the Authority.

(4)

In this Division, a person is an associate of another if —

(a)

they are spouses, siblings, a parent and child, or in a similar close family relationship;

(b)

they are in partnership;

(c)

one is a body corporate and the other is a director or manager of, or holds an analogous position in, the body corporate;

(d)

one is a private company within the meaning of section 4(1) of the Companies Act (Cap. 50) and the other is a shareholder in the company; or

(e)

a chain of relationships can be traced between them under one or more of paragraphs (a) to (d).

Clause 23 — Info-communications Media Development Authority Bill