Regulation 1
Citation and commencement
This Order may be cited as the Mutual Benefit Organisations (Exemption) Order 2004 and shall come into operation on 4th February 2004.
/akn/sg/act/sub_leg/1960/MBOA-S50-2004
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Quick answer
Mutual Benefit Organisations (Exemption) Order 2004 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation MBOA-S50-2004 1960, currently marked in force and first recorded in 1960.
Citation and commencement
This Order may be cited as the Mutual Benefit Organisations (Exemption) Order 2004 and shall come into operation on 4th February 2004.
Definition
In this Order, “relevant conviction” means a conviction —
for any offence involving dishonesty or moral turpitude; or
for any other offence, where the convicted person has been sentenced to a fine of not less than $2,000 or to imprisonment for a term of not less than one year.
Exemption
Section 12 of the Act shall not apply to any person with a relevant conviction who —
immediately before 4th February 2004, was acting as an officer of a mutual benefit organisation or managing or assisting in the management of such an organisation, and a period of at least 15 years has elapsed starting from the date of his latest relevant conviction; or
on or after 4th February 2004, is appointed or acts as an officer of a mutual benefit organisation or manages or assists in the management of such an organisation, and a period of at least 15 years has elapsed starting from the date of his latest relevant conviction and ending on the date on which he is first appointed or acts as an officer, or manages or assists in the management of the organisation.