Page:Foreign Interference (Countermeasures) Act 2021.pdf/93

Rh ::(c) a Singapore-controlled unincorporated association;
 * “Singapore-controlled corporation” means a company incorporated in Singapore, the majority of whose directors and members are citizens of Singapore or, in the case of any member being another company, where that other company is incorporated in Singapore and the majority of whose directors and members are citizens of Singapore, and where that other company has a member who is a company which in turn has a member who is a company and so on, where each of those member companies is incorporated in Singapore and the majority of whose directors and members are citizens of Singapore;
 * “Singapore-controlled partnership” means—
 * (a) a firm registered under the Business Names Registration Act 2014 in Singapore, the majority of whose partners are citizens of Singapore or one or more Singapore entities; or
 * (b) a limited partnership registered under the Limited Partnerships Act 2008 in Singapore;
 * “Singapore-controlled unincorporated association” means an unincorporated association that—
 * (a) is formed in Singapore under any written law;
 * (b) has an executive committee, the majority of whose members are citizens of Singapore; and
 * (c) has a majority of members who are citizens of Singapore or Singapore entities.

(2) Where a political donation is made to any politically significant person by paying an amount into any account held by the politically significant person with a financial institution, then for the purposes of this Part, the political donation must be treated as having been received by the politically significant person at the time when the person is notified by the financial institution in the usual way of the payment into the account.