Significant Investments Review Act 2024(No. 1 of 2024)
Table of Contents
Long Title
Enacting Formula
Part 1 PRELIMINARY
1 Short title and commencement
2 Purpose of Act
3 General interpretation
Part 2 ADMINISTRATION
4 Competent authority
5 Authorised officers appointed by competent authority and delegation by competent authority
6 Transfer of functions and powers of Minister
7 Appointed authorities
8 Authorised officers appointed by appointed authority and delegation by appointed authority
9 Delegation by Minister, etc.
10 Delegation by relevant Minister, etc.
11 Power of delegate, etc.
Part 3 CONTROL OF DESIGNATED ENTITIES AND OTHER ENTITIES
Division 1 — Preliminary
12 Application of this Part
13 Interpretation of this Part
14 What holding an equity interest means
15 Meaning of "associate"
16 Meanings of "Level A controller", "Level B controller", "Level C controller", "Level D controller", "Level Y controller" and "Level Z controller"
Division 2 — Designation of and controllers of designated entities
17 Designation of designated entity
18 Notice to Minister by Level A controller
19 Approvals of Minister in relation to equity interests and control of voting power in certain cases
20 Duty of designated entity to report changes of equity and control of certain persons
21 Void transactions
22 Remedial directions in respect of increase in equity interests, etc.
23 Remedial directions in respect of decrease in equity interests, etc.
24 Remedial directions in respect of breach of conditions of validation notice
25 Effect of remedial directions, etc.
Division 3 — Restrictions on winding up, etc., of designated entities
26 Restrictions on voluntary winding up, etc.
Division 4 — Control of officers of designated entities
27 Approval of chief executive officer, director, etc., of designated entity
28 Removal of chief executive officer, director, etc.
Division 5 — Special administration order
29 Meaning and effect of special administration order
30 Power to make special administration order, etc.
31 Transfer of property, etc., under special administration order
Division 6 — National security interests directions
32 Directions if national security interests affected
33 Effect of directions issued if Singapore’s national security interests affected
Division 7 — General provisions relating to information gathering and penalties
34 Power of Minister to obtain information relating to this Part
35 Provision of documents and other information
36 Penalties under this Part
Part 4 RECONSIDERATION, APPEALS AND JUDICIAL REVIEW
37 Interpretation of this Part
38 Reconsideration by Minister of appealable decision
39 Appeal to Reviewing Tribunal
40 Reviewing Tribunals — composition
41 Reviewing Tribunal — remuneration and other terms
42 Reviewing Tribunal — resources
43 Reviewing Tribunal — function
44 Procedure before Reviewing Tribunal
45 Rules for Reviewing Tribunal proceedings
46 Limited judicial review
Part 5 ENFORCEMENT
47 Purposes for which enforcement powers are exercisable
48 Power to obtain information
49 Powers of entry of premises without warrant
50 Powers of entry of premises under warrant
51 Application of Criminal Procedure Code 2010
52 Offences under this Part
53 Composition of offences
Part 6 MISCELLANEOUS
54 Guidelines on Fit and Proper Criteria
55 Protection from personal liability
56 Exemption
57 Regulations