Singapore legislation

Clause 21

of Skills Future Singapore Agency Bill

Clause 21

Interpretation of this Division

(1)

In this Division, “relevant matter” means —

(a)

the Agency’s performance of its functions or exercise of its powers; or

(b)

an arrangement, agreement, or a contract made or entered into, or proposed to be made or entered into, by the Agency.

(2)

A member of the Agency 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 of the Agency 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 payment or reimbursement of membership fees for, or expenses related to membership in, a body with predominantly charitable objects;

(d)

only because he or she 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 Agency.

(4)

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

(a)

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

(b)

they are in partnership;

(c)

one is a company and the other is a director or manager of the company;

(d)

one is a private company within the meaning 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 the above paragraphs.