Competition Act 2004 · 2020 Revised Edition · Part 2 · Competition and Consumer Commission of Singapore
15. Power to borrow
Feedback & supportFor the performance of its functions or discharge of its duties under this Act or any other written law, the Commission may raise loans from the Government or, with the Minister’s approval, raise loans within or outside Singapore from such source as the Minister may direct by —
Commission
“Commission” means the Competition and Consumer Commission of Singapore established by section 3;
mortgage, overdraft or other means, with or without security;
charge, whether legal or equitable, on any property vested in the Commission or on any other revenue receivable by the Commission under this Act or any other written law; or
the creation and issue of debentures, bonds or any other instrument as the Minister may approve.
For the purposes of this section, the power to raise loans includes the power to make any financial agreement whereby credit facilities are granted to the Commission for the purchase of goods, materials or things.
goods
“goods” includes —(a)buildings and other structures;(b)ships, aircraft and hovercraft;(c)gas and electricity; and(d)choses in action;