Singapore legislation

Clause 15

of Casino Control (Amendment) Bill

Clause 15

Amendment of section 64

In the principal Act, in section 64 —

(a)

in subsection (2), delete the definition of “related corporation”;

(b)

in subsection (2), in the definition of “relevant date”, replace “corporation” wherever it appears with “casino operator”; and

(c)

in subsection (3), replace paragraphs (c) to (i) with —“(c)A is a person who is accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of B;

(d)

A is a subsidiary of B;

(e)

A is a corporation in which B, alone or together with other associates of B as described in paragraph (b), (c) or (d), is in a position to control not less than 20% of the votes in A; or

(f)

A is a person with whom B has an agreement or arrangement, whether oral or in writing and whether express or implied, to act together with respect to the acquisition, holding or disposal of shares or other interests in, or with respect to the exercise of their votes in relation to, the casino operator.”.

Clause 15 — Casino Control (Amendment) Bill | laws.sg