Singapore legislation

Clause 21

of Accountancy Functions (Consolidation) Bill

Clause 21

Amendment of section 2

Section 2 of the Accounting Standards Act 2007 is amended —

(a)

by deleting the word “Council” in paragraph (a) of the definition of “accounting standard” and substituting the word “Committee”;

(b)

by deleting the definition of “Chairperson” and substituting the following definitions:“ “Authority” means the Accounting and Corporate Regulatory Authority established under the Accounting and Corporate Regulatory Authority Act 2004;“Chairperson” means the Chairperson of the Committee, and includes any temporary Chairperson of the Committee if so appointed;“Committee” means the Accounting Standards Committee appointed under section 4(1);”;

(c)

by deleting the definition of “Council”; and

(d)

by deleting the definition of “member” and substituting the following definition:“ “member”, in relation to the Committee, means a member of the Committee and includes the Chairperson of the Committee;”.

Read in full context — Accountancy Functions (Consolidation) Bill →