“general licence” means a licence that is not a niche licence, and includes a licence granted or renewed before 1 March 2018 under section 7(2) of the Act;
[S 100/2018 wef 01/03/2018]
“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;
“niche licence” means a licence that is subject to a condition restricting the licensee granted the licence to supply only tours within Singapore without any right of accommodation;
[S 100/2018 wef 01/03/2018]
“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.