Republic Polytechnic Act |
(CHAPTER 270) |
(Original Enactment: Act 14 of 2002)
REVISED EDITION 2003 |
(31st July 2003) |
An Act to establish the Republic Polytechnic, to provide for its functions and powers, and for matters connected therewith. |
[1st August 2002] |
Short title |
1. This Act may be cited as the Republic Polytechnic Act. |
Interpretation |
2. In this Act, unless the context otherwise requires —
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Establishment and incorporation of Republic Polytechnic |
3. There is hereby established a Polytechnic to be known as the Republic Polytechnic which shall be a body corporate with perpetual succession and a common seal and shall by that name be capable of —
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Common seal |
Objects and powers of Polytechnic |
5.—(1) The objects of the Polytechnic are —
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Board of Governors and Senate of Polytechnic |
6.—(1) The constitutions, functions, powers and duties of the Board and the Senate shall be prescribed by this Act and the Constitution.
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Schools of Polytechnic |
7.—(1) There shall be such Schools as may be constituted by the Board on the recommendation of the Senate.
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Committees and delegation of powers |
8.—(1) The Board, the Senate and the Principal may establish such committees as they think fit.
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Officers |
9.—(1) The Principal, every Deputy Principal and other officers of the Polytechnic shall be appointed by the Board in accordance with the Constitution.
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Constitution of Polytechnic |
10.—(1) Subject to the provisions of this Act, the Polytechnic shall be governed by the provisions of the Constitution set out in the Schedule.
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Examinations |
11. All examinations held by the Polytechnic shall be conducted in such manner as may be prescribed by the Constitution and any regulations made thereunder. |
Power to confer diplomas, etc. |
12. The Polytechnic shall have power —
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Grants |
13.—(1) The Minister shall pay to the Polytechnic such moneys as may be provided by Parliament from time to time as grants to the Polytechnic.
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Issue of shares, etc. |
14. As a consequence of the vesting of any property, rights or liabilities of the Government in the Polytechnic under this Act, or of any capital injection or other investment by the Government in the Polytechnic in accordance with any written law, the Polytechnic shall issue such shares or other securities to the Minister for Finance as that Minister may from time to time direct. |
Power to borrow |
15. For the attainment of all or any of its objects under this Act, the Polytechnic may, from time to time, raise loans from the Government or, with the approval of the Minister for Finance, raise loans from banks or other financial institutions (whether in Singapore or elsewhere) by —
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Accounts and financial statements |
16.—(1) The Board shall cause proper accounting and other records to be kept of the financial transactions of the Polytechnic and shall do all things necessary to ensure that all payments out of its moneys are correctly made and properly authorised and that adequate control is maintained over the assets of, or in the custody of, the Polytechnic and over the expenditure incurred by the Polytechnic.
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Audit of accounts |
17.—(1) The accounts of the Polytechnic shall be audited by the Auditor-General or such other auditor as may be appointed annually by the Minister in consultation with the Auditor-General (referred to in this Act as the auditor).
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Failure to furnish information to auditor |
18.—(1) The auditor or any person authorised by him may require any person to furnish him with such information in the possession of that person or to which that person has access as the auditor or the person authorised by him considers necessary for the purposes of his functions under this Act.
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Presentation of financial statements and auditor’s report to Parliament |
19.—(1) The Board shall, as soon as the financial statements have been audited in accordance with the provisions of this Act, send to the Minister a copy of the audited financial statements, signed by the Chairman, together with a copy of the auditor’s report.
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Annual report |
20.—(1) The Board shall, as soon as practicable after the end of each financial year, cause to be prepared and transmitted to the Minister a report dealing generally with the activities of the Polytechnic during the preceding financial year and containing such information relating to the proceedings and policy of the Polytechnic as the Minister may, from time to time, direct.
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Application of Societies Act to Students’ Union |
21.—(1) Notwithstanding anything to the contrary in the Societies Act (Cap. 311), the provisions of that Act shall apply to the Republic Polytechnic Students’ Union and its constituent bodies constituted by the regulations.
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