PART 2 | SINGAPORE TOTALISATOR BOARD |
| Establishment and incorporation of Singapore Totalisator Board |
3. A Board called the Singapore Totalisator Board is established, which is a body corporate with perpetual succession and a common seal and is by that name capable of —| (a) | suing and being sued; | | (b) | acquiring, owning, holding and developing or disposing of property, both movable and immovable; and | | (c) | doing and suffering any other acts or things that bodies corporate may lawfully do and suffer. |
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4.—(1) The functions of the Board are —| (a) | to supervise the affairs of a turf club operating in Singapore; [Act 14 of 2022 wef 01/08/2022] | | (b) | to conduct equine research and establish, maintain and improve turf clubs, training centres for apprentices, jockeys, blacksmiths and others employed in connection with racing, and other places used in connection with racing; | | (c) | [Deleted by Act 14 of 2022 wef 01/08/2022] | | (d) | with the approval of the Minister, to establish and maintain places and facilities for recreation on land owned or held by the Board and to carry out activities that appear to the Board to be requisite, advantageous or convenient for or in connection with its functions; | | (e) | to improve racing generally; and | | (f) | to work collaboratively with the Gambling Regulatory Authority of Singapore to foster responsible gambling and reduce the prevalence of unauthorised gambling. [Act 14 of 2022 wef 01/08/2022] |
| (2) The Minister may, after consulting the Board, give to the Board such general directions, not inconsistent with the provisions of this Act, as to the policy to be followed by the Board in the exercise and performance of its powers and functions under this Act as appear to the Minister to be required in the public interest, and the Board must as soon as possible give effect to any such directions. |
| (3) The Board must provide the Minister with information relating to its property and activities in such manner and at such times as the Minister may require. |
| (4) However, nothing in this Act confers on the Board a function or power to conduct on its own behalf any race meeting or a totalisator for gaming in relation to any racing or otherwise. [Act 14 of 2022 wef 01/08/2022] |
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| Contributing to charitable, etc., purposes |
| 4A. The Board also has the function to ensure that public benefits may be derived from any racing or gaming conducted by a turf club or totalisator agency which is under the supervision of the Board, through regular contributions out of their proceeds or profits so as to fund distributions under section 5 by the Board. [Act 14 of 2022 wef 01/08/2022] |
5.—(1) Subject to the provisions of this Act, the Board has power to do all such things as are in its opinion necessary for or conducive to the proper discharge of its functions under this Act and, in particular, the Board has power —| (a) | to distribute sums, out of moneys forming part of the funds of the Board and not required by it in the exercise of its functions under section 4, for all or any of the following purposes:| (i) | public, social or charitable purposes relating to Singapore; | | (ii) | the promotion of culture, art and sport generally in Singapore; [Act 14 of 2022 wef 01/08/2022] |
| | (b) | to subscribe for or acquire any securities, stocks or shares of any company or to form or participate in the formation of any company, partnership or joint venture for the purpose of carrying out any function of the Board or for such other purposes as the Minister may approve; and | | (c) | to suspend or revoke any totalisator or gaming activity established by any totalisator agency under the supervision of the Board. [Act 14 of 2022 wef 01/08/2022] |
| (2) [Deleted by Act 14 of 2022 wef 01/08/2022] |
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| 6. The Minister may give to the Board any direction under section 5 of the Public Sector (Governance) Act 2018. [5A [5/2018] |
7.—(1) The Board consists of —| (a) | a Chairperson; and | | (b) | not less than 4 and not more than 11 other members as the Minister may determine. |
| (2) The Schedule has effect with respect to the Board, its members and proceedings. [6 |
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| 8.—(1) There must be a chief executive of the Board, whose appointment, removal, discipline and promotion must be in accordance with the Public Sector (Governance) Act 2018. [5/2018] (2) The Board may, subject to the Public Sector (Governance) Act 2018, appoint an individual to act temporarily as the chief executive during any period, or during all periods, when the chief executive —| (a) | is absent from duty or Singapore; or | | (b) | is, for any reason, unable to perform the duties of the office. [6A [5/2018] |
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| Appointment of officers, etc. |
9.—(1) Subject to subsection (2) and the Public Sector (Governance) Act 2018, the Board may, on such terms and conditions as it may determine —| (a) | appoint and employ such officers, employees, consultants or agents; and | | (b) | appoint such totalisator agencies, |
| as may be necessary for the effective performance of its functions. |
[5/2018] (2) The Board must obtain the approval of the Minister for the appointment of —| (a) | [Deleted by Act 14 of 2022 wef 01/08/2022] | | (b) | any totalisator agency. [7 |
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| Bank accounts and application of revenue |
10.—(1) The Board must open and maintain an account or accounts with such bank or banks as the Board thinks fit.| (2) Every account under subsection (1) must be operated by such person or persons authorised to do so by the Board. |
| (3) The moneys of the Board must be applied only in payment or discharge of the expenses, obligations and liabilities of the Board and in making any payments that the Board is authorised or required to make. [8 |
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| 11. The Board may invest its moneys in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act 1965. [9 |
12. As a consequence of —| (a) | the vesting of any property, rights or liabilities of the Government in the Board under this Act; or | | (b) | any capital injection or other investment by the Government in the Board in accordance with any written law, |
| the Board must issue such shares or other securities to the Minister for Finance as that Minister may direct. |
[9A |
13.—(1) For the purposes of this Act, the Board may raise loans from the Government or, with the approval of the Minister, raise loans within or outside Singapore from such source as the Minister may direct by —| (a) | mortgage, overdraft or other means, with or without security; | | (b) | charge, whether legal or equitable, on any property vested in the Board or on any other revenue receivable by the Board under this Act or any other written law; or | | (c) | the creation and issue of debentures, bonds or any other instrument as the Minister may approve. |
| (2) For the purposes of this section, the power to raise loans includes the power to make any financial agreement whereby credit facilities are granted to the Board for the purchase of goods or services. [9B |
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| 14. The financial year of the Board begins on 1 April of each year and ends on 31 March of the succeeding year. [10 [5/2018] |
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