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Part 13 · Control of Designated Licensees and Designated Operating Entities

87. Interpretation of this Part

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Amended

Last amended by an amending law of 2024.

(1)

In this Part —

“business trust”, “trustee-manager” and “unitholder” have the meanings given by section 2 of the Business Trusts Act 2004;

“corporation” has the meaning given by section 4(1) of the Companies Act 1967;

“designated operating entity”, “entity” and “licensed service” have the meanings given by section 86A(1);

“designated licensee” means a licensee that has been designated under section 88 as a designated licensee;

“effective designation date”, in relation to a designated operating entity, means the date specified under section 86D(3) as the date on which the designation of that entity as a designated operating entity takes effect;

“licensee” means the holder of any licence issued by the Authority under any written law;

“limited liability partnership” has the meaning given by section 2(1) of the Limited Liability Partnerships Act 2005;

“relevant entity” means a designated licensee or a designated operating entity;

“unregistered company” has the meaning given by section 245(1) of the Insolvency, Restructuring and Dissolution Act 2018.

(2)

In this Part —

(a)

a reference to the affairs, business, undertaking, operations or activities of a relevant entity that is a business trust is to the affairs, business, undertaking, operations or activities carried on by the trustee-manager of the business trust on behalf of the business trust; and

(b)

a reference to the obligations of a relevant entity that is a business trust is to the obligations undertaken by the trustee-manager of the business trust on behalf of the business trust.

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