No. S 62
Casino Control Act
Casino Control (Casino Contracts) Regulations 2010
In exercise of the powers conferred by sections 72(1) and 200 of the Casino Control Act, the Casino Regulatory Authority of Singapore, with the approval of the Minister for Home Affairs, hereby makes the following Regulations:
1. These Regulations may be cited as the Casino Control (Casino Contracts) Regulations 2010 and shall come into operation on 5th February 2010.
—(1) In these Regulations, unless the context otherwise requires —
“business registration or incorporation number”, in relation to a body corporate or unincorporate, means the registration number, or the number of any other document, issued by any government certifying the incorporation or existence of the body corporate or unincorporate;
“notifiable contract” means a notifiable contract referred to in regulation 11;
“related corporation” has the same meaning as in the Companies Act (Cap. 50);
“vendor” means a person who supplies, or causes to be supplied, goods or services under a controlled contract or a notifiable contract.
(2) In determining whether an amount of foreign currency is equivalent to a Singapore dollar amount under these Regulations, the amount of foreign currency is to be converted to Singapore currency at the exchange rate applicable —
in the case of a controlled contract or notifiable contract entered into before 5th February 2010, at the time the contract is entered into;
if a notice of the proposed contract or variation is given to the Authority under section 73(1)(a) of the Act, at the time the notice is given;
if a report of the entering into the contract or variation is given to the Authority under section 73(1)(b) of the Act, at the time the contract or variation of the contract is entered into;
if a notice of the notifiable contract or variation is given to the Authority under section 74(1)(a) of the Act, at the time the notifiable contract or variation is entered into; or
if a report of the entering into the notifiable contract or variation is given to the Authority under section 74(1)(b) of the Act, at the time the notifiable contract or variation is entered into.
3. For the avoidance of doubt, a contract for the purposes of Division 3 of Part IV of the Act includes —
any agreement or arrangement, whether with or without valuable consideration; and
any agreement or arrangement between a person and a casino operator for the supply by any person (other than the first-mentioned person) of goods or services to the casino operator.
4. In these Regulations, any reference to the value of a contract shall be a reference to —
the total amount of money or money’s worth payable at the completion of the contract in respect of the performance of the contract —
including any amount payable for goods or services which may be acquired by an option granted under the contract; but
excluding any goods and services tax (or equivalent tax) payable in relation to the supply of the goods or services under the contract; and
where a number of distinct contracts are entered into in connection with the same casino operator —
with the same vendor, or with 2 or more vendors which are related corporations; and
within a period of 12 months,
the total value of all such contracts, each computed in accordance with paragraph (a), notwithstanding that the value of any such contract alone does not exceed $500,000.
5. These Regulations shall apply to contracts entered into before, on or after 5th February 2010.
[CRA 15/5/4C Vol. 4; AG/LEG/SL/33A/2006/14 Vol. 1]