s 7 Powers of Authority
7.—(1) The Authority has power to do anything for the purpose of discharging its functions under this Act or any other written law, or which is incidental or conducive to the discharge of those functions. (2) Without limiting subsection (1) but subject to this Act, the powers of the Authority include the power —(a) to enter into any contracts, agreements or arrangements that may be necessary or expedient for the purpose of discharging its functions;[Act 36 of 2022 wef 01/04/2023] (b) with the approval of the Minister, to form or participate in the formation of any company, association, trust or partnership or in any joint venture as a shareholder or partner or in any other capacity, with any firm, body corporate, society or institution for purposes that are necessary or expedient for the purpose of discharging its functions;[Act 36 of 2022 wef 01/04/2023] (c) to become a member or an affiliate of any international body, the functions or objects of which are similar to or connected with those of the Authority; (d) to use all property of the Authority, whether movable or immovable, in any manner that the Authority thinks expedient, including the raising of loans by mortgaging such property; (e) to establish and administer any systems or schemes that the Authority considers necessary or expedient for the discharge of its functions; (f) to prescribe, regulate or implement measures and standards on any matter relating to or connected with its functions; (g) to engage in any activity, either alone or in conjunction with any other organisation or agency, whether local or international, that is connected with or that is conducive to the discharge of its functions; (h) to levy such charges or fees as may be reasonable for services and facilities provided by the Authority; (i) to receive donations, gifts, grants, subsidies and contributions from any source and raise funds by all lawful means; (j) to publish or sponsor the publication of periodicals, booklets and other written materials, or to produce or sponsor the production of documentary films and other audiovisual materials on any matter relating to or connected with its functions; (k) to organise courses and award certificates of proficiency, and provide bursaries, scholarships and training grants in the fields related to the functions of the Authority; (l) to provide advisory, consultancy and informational services on any matter related to its functions; (m) to promote or undertake publicity in any form; (n) to grant or guarantee loans to officers or employees of the Authority for any purpose specifically approved by the Authority; (o) to provide recreational facilities and to promote recreational activities for, and activities conducive to, the welfare of officers and employees of the Authority and members of their families; (p) to make provision for gratuities, pensions, allowances or other benefits for officers or employees, or former officers or employees, of the Authority; and (q) to do any other acts that are incidental or necessary to any of its functions and powers. (2A) Without limiting subsections (1) and (2) but subject to this Act, the powers of the Authority include the power to —(a) provide for, develop, administer, promote, coordinate, collaborate with any person (within or outside Singapore) on, or facilitate, the training, development, education, examination, assessment and certification of persons practising, or desiring to practise, in the accountancy sector and its related fields in Singapore; (b) provide for, administer, collaborate with any person (within or outside Singapore) on or facilitate the accreditation of any body, programme or qualification in connection with any programme, qualification, certification, specialisation or continuing professional development relating to the accountancy sector and its related fields in Singapore; and (c) establish and administer funds in support of, to promote the growth and development of, for the advancement of competencies, expertise and professional standards in, and for the conduct and development of research relating to, the accountancy sector and its related fields in Singapore.[Act 36 of 2022 wef 01/04/2023] (3) This section is not to be construed as limiting any power of the Authority conferred by or under any other written law.