PART II | Contract relating to controlled matter |
| 6. For the purposes of paragraph (a) of the definition of “controlled contract” in section 72(1) of the Act, the matters prescribed as controlled matters are specified in the Schedule. |
| Contract above prescribed value |
7.—(1) For the purposes of paragraph (b) of the definition of “controlled contract” in section 72(1) of the Act, the prescribed value shall be $500,000 or its equivalent in a foreign currency.| (2) Notwithstanding paragraph (1), if, in the opinion of the Authority any contract forms part of a series of contracts that may reasonably be considered to have been entered into with a view to evading the provisions of the Act in relation to controlled contracts, the value of the contract shall be the total amount of money payable, computed in accordance with regulation 4, in respect of the performance of such of the contracts as the Authority shall determine. |
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| Contract prescribed as controlled contract |
| 7A. For the purpose of paragraph (c) of the definition of “controlled contract” in section 72(1) of the Act, any contract between a patron and a casino operator for the payment of the patron’s gambling debt to the casino operator in any form other than by cash, cheque, cashier’s order or telegraphic transfer shall be a controlled contract. [S 55/2013 wef 31/01/2013] |
| Notification of controlled contract |
8.—(1) A casino operator shall give the notice in writing of any proposed contract required under section 73(1)(a) of the Act by submitting to the Authority —| (a) | the details of the proposed vendor and the proposed contract in such form as may be determined by the Authority; [S 55/2013 wef 31/01/2013] | | (b) | a copy of the proposed contract; [S 55/2013 wef 31/01/2013] | | (c) | if the proposed contract is not in English, a translation of the proposed contract in English; [S 55/2013 wef 31/01/2013] | | (d) | if any part of the proposed contract is to be performed by a person other than the vendor, the name, business address, place of incorporation or registration, business registration or incorporation number and contact details of that person; and [S 55/2013 wef 31/01/2013] | | (e) | such other additional information or documents as may be requested by the Authority in any particular case. [S 55/2013 wef 31/01/2013] |
| (2) The Authority may, in its discretion, waive any of the requirements in paragraph (1) in any particular case. |
| (3) Subject to paragraph (2), the Authority may refuse to accept any notice given by the casino operator under paragraph (1) which is incomplete. |
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| Form of controlled contract |
9. A controlled contract to be entered into by the casino operator, or to which the casino operator is to be a party, shall be in writing and shall contain all the terms and conditions governing the agreement or arrangement which is the subject of the contract, including the following:| (a) | the name, business address, place of incorporation or registration, business registration or incorporation number and contact details of each party to the contract; | | (b) | a full description of the goods or services to be supplied under the contract; | | (c) | a full description of the nature and amount of the payment or other consideration, whether in money or otherwise, for the supply of those goods or services; | | (d) | the duration of the contract. [S 55/2013 wef 31/01/2013] |
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| Variation of controlled contract |
10.—(1) A casino operator shall give notice in writing of any proposed variation of a controlled contract required under section 73(1)(a) of the Act by submitting to the Authority —| (a) | the details of the proposed variation in such form as may be determined by the Authority; and | | (b) | such other additional information or documents as may be requested by the Authority in any particular case. |
| (2) The Authority may refuse to accept any notice given by the casino operator under paragraph (1) which is incomplete. [S 55/2013 wef 31/01/2013] |
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