National Sports Promotion Board Bill |
Bill No. 11/1969
Read the first time on 11th June 1969. |
An Act to establish the National Sports Promotion Board and for other purposes connected therewith, and to repeal the Singapore Sports Stadium Incorporation Ordinance (Chapter 274 of the Revised Edition). |
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: — |
Short title and commencement |
1. This Act may be cited as the National Sports Promotion Board Act, 1969, and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint. |
Interpretation |
2. In this Act, unless the context otherwise requires —
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Establishment of the National Sports Promotion Board |
Members of the Board |
4.—(1) The Board shall consist of —
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Functions of the Board |
5.—(1) The functions of the Board shall be —
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National Sports Promotion Fund |
6.—(1) There shall be established a fund to be known as the “National Sports Promotion Fund” (hereinafter in this Act referred to as “the Fund”) which shall be vested in the Board and which shall consist of —
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Application of moneys |
7.—(1) The moneys and property of the Board whensoever derived shall be applied solely for the purpose of making payments in or in connection with the performance of its functions under this Act, and no portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise by way of profit to its members.
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Meetings of the Board |
8.—(1) Meetings of the Board shall be held at such times and places as the Board or the Chairman may from time to time determine.
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Disclosure of interest |
9.—(1) A member of the Board shall, if he is in any way directly or indirectly interested in a contract made or proposed to be made by the Board, disclose the nature of his interest at a meeting of the Board as soon as possible after the relevant circumstances have come to his knowledge.
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Execution of documents |
10. All deeds, documents or other instruments requiring the seal of the Board shall be signed and sealed by the Chairman and one other member authorised by the Board for this purpose, and such signing shall be sufficient evidence that the said seal was duly and properly affixed and that the same is the lawful seal of the Board. |
Employment of staff |
11.—(1) The Board may, from time to time, and subject to such directions as may be given by the Minister, appoint such number of employees on such terms as to remuneration and otherwise as the Board may determine.
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Accounts and audits |
12.—(1) The Board shall keep proper accounts and other records in respect of its activities and proceedings and shall prepare a statement of accounts in respect of each year ending on the 31st day of December.
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Annual Report |
13. The Board shall, as soon as may be practicable after the 31st day of December each year, prepare and furnish a report of its activities during that year to the Minister who shall present a copy of such report to Parliament. |
Power to make rules |
14. The Board may make rules, subject to the approval of the Minister —
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Directions |
15.—(1) The Minister may give to the Board such directions, not inconsistent with the provisions of this Act, as he thinks fit as to the exercise and performance by the Board of its functions under this Act and the Board shall give effect to such directions.
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Gifts to the Fund to be exempt from income tax |
16. The Fund shall be deemed to be an institution of a public character approved by the Minister for Finance for the purpose of paragraph (c) of subsection (2) of section 37 of the Income Tax Ordinance (Cap. 166). |
Repeal |
17. The Singapore Sports Stadium Incorporation Ordinance (Cap. 274) is hereby repealed. |