Jurong Town Corporation Bill |
Bill No. 9/1968
Read the first time on 9th May 1968. |
An Act to establish the Jurong Town Corporation and for purposes incidental thereto. |
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: — |
Short title |
1. This Act may be cited as the Jurong Town Corporation Act, 1968. |
Interpretation |
2. In this Act, unless the context otherwise requires —
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Establishment of Jurong Town Corporation |
Chairman of the Corporation |
4. The Minister shall appoint a Chairman of the Corporation who shall —
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Constitution of the Corporation |
5.—(1) The Corporation shall consist of —
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Direction by the Minister |
6.—(1) The Minister may give to the Corporation such directions, not inconsistent with the provisions of this Act, as he deems fit, as to the exercise and performance by the Corporation of its powers, duties and functions under this Act and the Corporation shall give effect to all such directions.
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Appointment of officers and servants |
7.—(1) The Corporation may from time to time appoint and employ such officers and servants as may be necessary for the purposes of this Act and may from time to time dismiss them.
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Rules for establishment of pension or provident fund scheme |
8.—(1) Subject to the approval of the Minister, the Corporation may make rules for the establishment of a scheme or schemes for the payment of pensions, gratuities, provident fund or other superannuation benefits to such officers or classes of officers of the Corporation, as it may determine, on their death or retirement from the service of the Corporation or on their otherwise leaving the service of the Corporation.
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Appointment of committees and delegation of powers |
9.—(1) The Corporation may, in its discretion, appoint from among its own members or other persons who are not members of the Corporation such number of committees consisting of members or other persons or members and other persons for purposes which, in the opinion of the Corporation, would be better regulated and managed by means of such committees.
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Protection from personal liability |
10.—(1) No matter or thing done and no contract of any kind entered into by the Corporation and no matter or thing done by any member of the Corporation or by any employee thereof or any other person whomsoever acting under the direction of the Corporation shall, if the matter or thing was done or the contract was entered into bona fide for the purpose of executing the provisions of this Act, subject any such member or employee or any person acting under the direction of the Corporation personally to any action, liability, claim or demand whatsoever in respect thereof.
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Members and officers of the Corporation deemed to be public servants |
11. The members of the Corporation and the employees thereof, of every description, shall be deemed to be public servants within the meaning of the Penal Code (Cap. 119). |
Provision of working capital |
12. For the purpose of enabling the Corporation to carry out its objects and to defray expenditure properly chargeable to capital account, including defraying initial expenses, and for the provision of working capital, the Minister may authorise payment to the Corporation of such sums as he may determine. |
Duties and powers of the Corporation |
13.—(1) It shall be the duty of the Corporation to provide facilities for the management of industrial estates and sites in Singapore and amenities for the advancement of the well-being of the people living and working in such industrial estates and sites.
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Borrowing powers |
14.—(1) The Corporation may, from time to time, for the purposes of this Act raise loans —
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Loan conditions |
15. Where the Corporation is authorised to borrow money it may, subject to the approval of the Minister, raise the money either by —
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Annual financial statement |
16.—(1) The Corporation shall at the end of every year transmit to the Minister a statement showing —
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Budget |
17. The Corporation shall in every year cause to be prepared in a form to be approved by the Minister a budget to be forwarded to the Minister not later than the 15th day of August containing estimates of income and expenditure of the Jurong Town Corporation Fund for the ensuing year —
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Approval of budget by Minister |
18.—(1) The Minister may approve or disallow any item or portion of any item shown in the budget, and shall return the budget as amended by him to the Chairman.
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Supplemental budgets |
19.—(1) The Corporation may at any time cause to be prepared a supplemental budget to provide, subject to the provisions of paragraph (d) of subsection (2) of section 25 of this Act, for unforeseen or urgently required expenditure containing —
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Accounts |
20.—(1) The accounts of the Corporation shall be kept by a Financial Officer appointed by and responsible to the Corporation.
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Appointment and powers of auditors |
21.—(1) The Minister shall nominate for every year an auditor of the Corporation’s accounts who shall maintain and keep a continuous audit of the accounts during such year.
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Reports by auditor |
22. The auditor shall, not later than the 30th day of June next following the end of the year in respect of which he is appointed, send to the Corporation and to the Minister a report of his audit and may also submit such periodical and special reports as may to him appear necessary. |
Annual statement of account |
23.—(1) The Corporation shall, not later than the 31st day of July in every year, forward to the Minister a statement of accounts showing the income and expenditure on account of the Jurong Town Corporation Fund in the previous year and a balance-sheet, signed by the Chairman and the Financial Officer and certified by the auditor.
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Bank account |
24.—(1) All moneys paid to the Corporation, other than for the purposes of a pension scheme or schemes or a provident fund or funds established under section 8 of this Act, shall forthwith be paid into such bank or banks as may from time to time be decided by the Corporation to the credit of a fund to be called the “Jurong Town Corporation Fund”. The Fund shall include a Capital Account and a General Account.
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Payments to be made in accordance with budget |
25.—(1) No payment shall be made out of the Jurong Town Corporation Fund unless the expenditure of the same is covered by an item in a budget and a sufficient balance for such item is available.
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Transfer of sums from one item to another |
26. Notwithstanding any of the provisions of this Act, the Corporation may transfer all or any part of moneys assigned to one item of expenditure to another item under the same head of expenditure in a budget approved by the Minister. |
Investment |
27. Money standing to the credit of the Corporation may from time to time be invested in any of the securities in which trust funds may, by section 4 of the Trustees Act, 1967 (Act 17 of 1967), be invested. |
Compulsory acquisition of land |
28. Where any immovable property, not being State land, is needed for the purposes of the Corporation and cannot be acquired by agreement, the Corporation may request and the President may, if he thinks fit, direct the acquisition of such property and, in such case, such property may be acquired in accordance with the provisions of any written law relating to the acquisition of land for a public purpose and any declaration required under any such law that such land is so needed may be made notwithstanding that compensation is to be paid out of the funds of the Corporation, and such declaration shall have effect as if it were a declaration that such land is needed for a public purpose made in accordance with such written law. |
Annual report |
29. So soon as may be after the 1st day of January in every year but not later than the 31st day of March in every year unless expressly authorised in writing by the Minister, the Corporation shall prepare a report of its operations in the preceding year and shall send a copy of such report to the Minister who shall present a copy of every such report to Parliament. |
Special provisions as to purchase by or sale to the Corporation of land, etc |
30. For the purpose of the registration of any assurance pertaining to the sale or the purchase by the Corporation of any land, the mortgage of such land or the reconveyance or discharge of such mortgage —
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Regulations |
31.—(1) The Minister may, after consulting with the Corporation, make such regulations as he may consider necessary or desirable for the proper conduct of the business of the Corporation including, without prejudice to the generality of the foregoing, regulations with regard to any of the following matters: —
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Exemption from stamp duty and income tax |
32. The Corporation shall be exempt from the payment of stamp duty and income tax under any written law for the time being in force relating to stamp duties or income tax. |
Penalties |
33. Any person who obstructs any officer of the Corporation or any person duly authorised by the Corporation in that behalf in the performance of any thing which the Corporation is by this Act required or empowered to do shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding one thousand dollars or to imprisonment for a term which may extend to six months. |
Transfer to Corporation of assets and liabilities of Economic Development Board |
34.—(1) Upon the coming into operation of this Act such of the lands, buildings and other property, movable and immovable of the Economic Development Board constituted under the provisions of the Economic Development Board Ordinance, 1961 (Ord. 21 of 1961), including all such assets, powers, rights, interests and privileges as well as such debts, liabilities and obligations in connection therewith or appertaining thereto as may be specified by the Minister by notification in the Gazette shall be deemed to have been transferred to and vested in the Corporation without further assurance.
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