Detail

(Act 9 of 2022)

Act 9 of 2022 .. in force 21 March 2022

ARRANGEMENT OF SECTIONS

PRELIMINARY

1.	Short title
2.	Interpretation

PART I
ADMINISTRATION

Division 1
Community Tourism Agency

3.	Establishment of the Agency
4.	Functions of the Agency
5.	Powers of the Agency
6.	Principal place of business
7.	Tax-exempt status
8.	Minister may give directions

Division 2
Board of the Agency

9.	Constitution of the Board
10.	Disqualification
11.	Designation of the Chairperson and election of the Deputy Chairperson
12.	Term of appointment
13.	Functions of the Board
14.	Powers of the Board
15.	Delegation of functions or powers
16.	Leave of absence
17.	Resignation
18.	Revocation
19.	Vacancy
20.	Temporary appointment
21.	Meetings
22.	Co-opting
23.	Quorum
24.	Declaration of interest and abstention from voting
25.	Minutes of a meeting
26.	Decisions of the Board
27.	Seal
28.	Signification of other documents
29.	Service of documents
30.	Board to regulate its own procedures
31.	Remuneration

Division 3
Appointment of the Chief Executive Officer and Employees of the Agency

32.	Appointment of the Chief Executive Officer
33.	Functions of the Chief Executive Officer
34.	Delegation of functions
35.	Employees of the Agency
36.	Oath or affirmation of secrecy and confidentiality
37.	Protection from liability

Division 4
Finances of the Agency

38.	Revenue of the Agency
39.	Management of finances and application of revenue
40.	Borrowing, lending, guaranteeing and other contingent liabilities
41.	Estimates of revenue and expenditure
42.	Strategic, financial, operational and business plan
43.	Accounts and audit
44.	Quarterly and annual reports

PART II
PARTNERSHIP AGREEMENT

Division 1
Requirement for Partnership Agreement

45	Requirement for a partnership agreement

Division 2
Proposals

46.	Proposal for a partnership agreement
47.	Evaluation of a proposal for a partnership agreement
48.	Consideration of a proposal for a partnership agreement
49.	Approval of proposal for a partnership agreement
50.	Refusal of proposal for a partnership agreement
51.	Request for review

Division 3
Adhoc Review Committee

52.	Appointment and composition of the Committee
53.	Chairperson of the Committee
54.	Functions of the Committee
55.	Powers of the Committee
56.	Meetings of the Committee
57.	Declaration of interest and abstention from voting
58.	Recommendation of the Committee

Division 4
Partnership Agreement

59.	Offer for a partnership agreement
60.	Execution of a partnership agreement
61.	Contents of a partnership agreement
62.	Effect of a partnership agreement

PART III
TAX RELIEF, REGISTRATION AND MONITORING OF AN APPROVED PARTNERSHIP BUSINESS

Division 1
Tax relief for and registration of an approved partnership business

63.	Eligibility for a tax relief
64.	Application for a tax relief
65.	Power of the Minister to request further information
66.	Submission of an application for a tax relief to Cabinet
67.	Approval of an application for a tax relief
68.	Order on grant of a tax relief
69.	Transfer of status of an approved partnership business and a tax relief
70.	Suspension of an Order
71.	Revocation of an Order
72.	Retrospective effect
73.	Requirement for registration of an approved partnership business
74.	Collection and remittance of the tourism levy

Division 2
Monitoring and Compliance

75.	Compliance with conditions for a tax relief
76.	Restriction on the sale or other disposal of articles
77.	Power to require the production of information
78.	Inspection of an approved partnership business

PART IV
MISCELLANEOUS

79.	Fees
80.	Amendment of Schedule 1 and Schedule 2
81.	Guidelines
82.	Regulations
Schedule 1
Schedule 2

AN ACT to establish the Community Tourism Agency and to provide for the proposal for a partnership agreement, tax relief, registration and monitoring of an approved partnership business and for related matters.

Commencement [21 March 2022]