Brunei Economic Development Board Act · 2023 Revised Edition
2. Interpretation
Official textFrom Attorney General's Chambers, unchanged
In this Act, unless the context otherwise requires —
“Board” means the Brunei Economic Development Board established under section 3;
“business enterprise” means any sole proprietorship, partnership, company or co-operative society wherever registered or incorporated under any law for the time being in force in relation to companies, co-operative societies or businesses and engaged in or proposing to engage in any one or more of the following purposes or functions —
manufacture and sale of goods, materials or things or the subjection of goods, materials or things to any process, including that of repairs, breaking-up, reconditioning or maintenance;
the exploration for, and exploitation of, natural resources, including —
the working of a mine, quarry or any other source of mineral deposits; or
the treatment or preparation for the sale, consumption or use, and the storage or removal, of any substance from any mine, quarry or other source of mineral deposits;
transport, dock, water, electricity or gas undertaking, including the business of wharf-fingers and stevedores;
the storage of goods, materials or things;
the working of a plantation;
fishing;
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the business of a tourist enterprise;
“chairman” means the Chairman of the Economic Development
Board and includes the deputy chairman or any temporary chairman appointed under section 4;
“Chief Executive Officer” means the officer appointed under section 7;
“goods, materials or things” includes capital or consumer goods of every description, including aircraft, ships, machinery, food and drugs;
“member” means any member of the Board appointed under section 4, and includes the chairman, deputy chairman and the ex-officio members;
“Minister” means the Minister charged with the responsibility for industrial development;
“underwrite” means to contract, with or without conditions, to subscribe for stocks, shares, bonds or debentures of a business enterprise with a view to the resale of the whole or part of it.