Singapore Accountancy Commission Act 2013 - Singapore Statutes Online

Singapore Accountancy
Commission Act 2013

2020 REVISED EDITION

This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021

An Act to establish the Singapore Accountancy Commission, to establish a framework for the growth and development of the accountancy sector and its related fields in Singapore, to provide for the registration of chartered accountants in Singapore, and for matters connected therewith.

[1 April 2013]

PART 1

PRELIMINARY

Short title

1. This Act is the Singapore Accountancy Commission Act 2013.

Interpretation

2.—(1) In this Act, unless the context otherwise requires —

“certified public accountant” means any person registered with or recognised by the Institute as a Certified Public Accountant Singapore immediately before 1 April 2013;

“Chairperson” means the Chairperson of the Commission appointed under section 5(1)(a) and includes any temporary Chairperson of the Commission appointed under paragraph 3 of the First Schedule;

“chartered accountant” means a person registered or deemed to be registered as a Chartered Accountant of Singapore under this Act;

“Chief Executive Officer” means the Chief Executive Officer of the Commission appointed under section 10 and includes any person acting in that capacity;

“Commission” means the Singapore Accountancy Commission established under section 3;

“committee member” means a member of any committee appointed under section 9(1);

“designated entity” means any company, association or body of persons, corporate or unincorporate, specified in the Third Schedule;

“Institute” means the Institute of Certified Public Accountants of Singapore, being a society registered under the Societies Act 1966 immediately before 1 April 2013;

“member” —

(a)	in relation to the Commission, means a person appointed as a member of the Commission under section 5(1) and includes the Chairperson; and
(b)	in relation to a designated entity, means a person who is admitted to such membership specified by the designated entity as being required to be held by persons registered or seeking to be registered as chartered accountants under this Act, and “membership” is to be construed accordingly;

“officer”, in relation to the Commission, includes the Chief Executive Officer.

(2) Unless the context otherwise requires, any reference in this Act to a person registered as a chartered accountant is a reference to a person who is registered, or deemed to be registered, as a Chartered Accountant of Singapore by a designated entity under Part 7 and whose registration is not suspended under this Act.

(3) For the purposes of sections 25A(5) and 31, any reference to the Minister includes a reference to such Minister of State for his or her Ministry who is authorised by the Minister for the purpose of hearing an appeal under that section.

[35/2014]

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