Travel Agents Regulations 2017 - Singapore Statutes Online

No. S 761

Travel Agents Act

(CHAPTER 334)

Travel Agents Regulations 2017

In exercise of the powers conferred by section 28 of the Travel Agents Act, the Singapore Tourism Board, with the approval of the Minister for Trade and Industry (Industry), makes the following Regulations:

PART 1

PRELIMINARY

Citation and commencement

1.—(1) These Regulations are the Travel Agents Regulations 2017 and, except for regulations 17, 20, 23 and 24, come into operation on 1 January 2018.

(2) Regulations 17, 20, 23 and 24 come into operation on 1 June 2018.

Definitions

2. In these Regulations —

“applicant” means an applicant for a licence;

“guiding services” has the same meaning as in section 19A(1) of the Singapore Tourism Board Act (Cap. 305B);

“institution of a public character” has the same meaning as in section 40A of the Charities Act (Cap. 37);

“key executive officer” means the individual appointed or acting as the key executive officer under regulation 15;

“net value” means —

(a)	in relation to a person that is a sole proprietor or an unincorporated association, the amount that the person has set aside as capital for the person’s activity as a travel agent after deducting any debit balance appearing in the profit and loss account of the person;
(b)	in relation to a person that is a partnership, the capital of the partnership, after deducting any debit balance appearing in the profit and loss account of the partnership; or
(c)	in relation to a person that is a company, limited liability partnership or other body corporate, the excess of the value of the assets owned by the corporation over its liabilities;

“place of business”, in relation to a licensee, does not include a place where the licensee carries on business as a travel agent at a temporary booth or stall at a fair or an exhibition;

“tourist” has the same meaning as in section 19A(1) of the Singapore Tourism Board Act;

“tourist guide” has the same meaning as in section 19A(1) of the Singapore Tourism Board Act.

Minimum financial requirements for applicants

3.—(1) For the purposes of section 7(3)(b) of the Act, the minimum financial requirements for an applicant are as follows:

(a)	where the applicant is a sole proprietor, partnership or an unincorporated association, the applicant’s net value must not be less than $100,000;
(b)	where the applicant is a company, limited liability partnership or other body corporate, the applicant’s issued and paid‑up capital must not be less than $100,000 and the applicant’s net value not less than $100,000.

(2) For the purposes of paragraph (1), an applicant must, together with the application for a licence, submit a financial statement that presents the applicant’s financial position as at a date within 6 months before the date the applicant submits the application.

Made on 21 December 2017.

CHALY MAH CHEE KHEONG

Chairman,
Singapore Tourism Board.

[MTI 119/01-1-10; AG/LEGIS/SL/334/2015/1 Vol. 1]

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