Competition (Amendment) Bill

The Competition (Amendment) Bill aims to transfer product safety and legal metrology functions from the Enterprise Singapore Board to the Competition and Consumer Commission of Singapore. It amends the Competition Act 2004 and the Enterprise Singapore Board Act 2018, impacting related legislation such as the Consumer Protection (Trade Descriptions and Safety Requirements) Act and the Weights and Measures Act. The bill includes provisions for the transfer of assets, liabilities, and records associated with these functions, as well as new definitions and responsibilities for the Commission regarding consumer protection and safety. It also allows the Minister to set regulations and address any transitional matters following these changes.