Singapore legislation
Regulation 20
of Resource Sustainability (Producer Responsibility Schemes) Regulations 2021
Regulation 20
Matters to be included in annual report
Subregulation 1
The annual report mentioned in section 35 of the Act for a compliance year must be submitted within 3 months after the end of the compliance year.
Subregulation 2
The annual report must be prepared in a manner consistent with the Singapore Financial Reporting Standards (International) and give a true and fair view of the financial position and performance of the licensee.
Subregulation 3
For the purposes of section 35 of the Act, the annual report must include the following matters:
the accounts for the licensee;
if the licensee has one or more wholly owned subsidiaries or is a wholly owned subsidiary — the consolidated accounts for the licensee and all its subsidiaries or the licensee’s holding company and all the holding company’s subsidiaries, as the case may be;
the fees collected from each member of the licensee’s licensed scheme;
the fees paid by the licensee to each return point operator that the licensee enters into an arrangement with to operate any return point for or on behalf of the licensee; (e)a breakdown of revenue and expenses for each of the following:
collection of empty beverage containers;
logistics;
processing of empty beverage containers, and their disposal for recycling;
administration;
marketing;
manpower;
information technology system;
the amount of the deposits collected by the licensee from each member of the licensee’s licensed scheme;
the amount of the deposits refunded by the licensee upon the acceptance of empty beverage containers at each return point operated by, or for or on behalf of, the licensee;
if a condition of the licensee’s licence requires the licensee to set aside contingency funds to ensure the licensee’s continued operations — the amount of the contingency funds.