ACT
(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 | |
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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]