Singapore legislation
Clause 22
Clause 22
Miscellaneous amendments and saving and transitional provisions
(1)
The principal Act is amended —
by inserting, immediately after the words “Part 5” in the following provisions, “, 5A”:Section 15(1)(e)Section 27(5) and (6)Section 55(1)(a)Section 59(1)(b); and
by deleting the words “Part 6” in the following provisions and substituting in each case the words “Part 5A or 6”:Section 31(1)(b), (2)(b) and (3)(b)Section 55(1)(b).
(2)
Despite section 5, section 13(3)(b) of the principal Act as in force immediately before the appointed day continues to apply to any application by a public accountant to renew his or her certificate of registration under section 13(1) of the principal Act that is submitted before that day.
(3)
Any individual who, immediately before the appointed day, was a reviewer under section 35 of the principal Act as in force immediately before that day, is to be treated as having been appointed as a practice reviewer under that section as amended by this Act until the term of his or her appointment expires, or the day he or she dies, retires or has his or her appointment revoked before the expiry of his or her term of appointment.
(4)
Despite sections 6 to 11 but subject to subsection (5), the provisions of Part 5 of the principal Act as in force immediately before the appointed day continue to apply in relation to a practice review under that Part that had commenced before that day.
(5)
For the purposes of subsection (4), a reference to a reviewer in Part 5 of the principal Act as in force immediately before the appointed day is to be read as a reference to a practice reviewer.
(6)
Despite sections 14(a) and 15, where —
a complaint had been made to the Oversight Committee under section 40(1) of the principal Act before the appointed day; or
information had been referred by the Oversight Committee to the Registrar under section 41(2) of the principal Act before the appointed day,sections 53(2)(d) and 54(1) of the principal Act as in force immediately before that day continue to apply to any proceedings under Part 6 of the principal Act arising from the complaint or information.
(7)
For a period of 2 years after the date of commencement of any provision of this Act, the Minister may by regulations prescribe such additional provisions of a saving or transitional nature consequent on the enactment of that provision as the Minister may consider necessary or expedient.
(8)
In this section, “appointed day” means the date of commencement of the Accountants (Amendment) Act 2022.