In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Singapore Totalisator Board Act 1987 · 2020 Revised Edition · Part 2 · Singapore Totalisator Board
10. Bank accounts and application of revenue
Feedback & support(1)
The Board must open and maintain an account or accounts with such bank or banks as the Board thinks fit.
Board
Defined · s 2
“Board” means the Singapore Totalisator Board established under section 3;
(2)
Every account under subsection (1) must be operated by such person or persons authorised to do so by the Board.
(3)
The moneys of the Board must be applied only in payment or discharge of the expenses, obligations and liabilities of the Board and in making any payments that the Board is authorised or required to make.[8