Sentosa Development Corporation Bill

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1 Short title and commencement

3 Establishment of Sentosa Development Corporation

4 Members of Corporation

5 Meetings and proceedings of Corporation

6 Disclosure of interest by members

7 Appointment of staff

8 Appointment of General Manager

9 General functions of Corporation

10 Powers of Corporation

12 Provision of working capital

13 Investment of money belonging to the Corporation

15 Books of accounts

16 Audit of accounts

17 Annual report and accounts to be presented to Parliament

18 Application of profits of Corporation

19 Appointment of committees and delegation of powers

20 Advisory and technical committees

21 Contracts of the Corporation

22 Common seal of Corporation

23 Staff pensions, and gratuities

24 Exemption from stamp duty and income tax

26 Transfer to Corporation of property, assets and liabilities

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Sentosa Development Corporation Bill

Bill No. 12/1972

Read the first time on 7th March 1972.

An Act to establish the Sentosa Development Corporation and for purposes connected therewith.

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: —

PART I

PRELIMINARY

Short title and commencement

1. This Act may be cited as the Sentosa Development Corporation Act, 1972, 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 —

“Chairman” means the Chairman of the Corporation;

“Corporation” means the Sentosa Development Corporation established under this Act;

“member” means a member of the Corporation.