Singapore legislation
Section 50
Section 50
Contribution of proportion of fare increases
(1)
Where the Council —
approved under section 47 an increase in any bus fare for any bus service provided by a public bus operator or in any train fare for any train service; or
approved on review under section 48 any bus fares or train fares that is an increase in any bus fare for any bus service provided by a public bus operator or in any train fare for any train service,every public bus operator and every licensed rapid transit system operator providing that bus service or train service (as the case may be) must contribute to the Public Transport Fund an amount set by the Council under this section.
(2)
In setting the amount of contribution that a public bus operator or a licensed rapid transit system operator must make under subsection (1), the Council must have regard to the estimated increase in revenue of the public bus operator or licensed rapid transit system operator that is attributable to the increase in fares approved or varied by the Council under section 47 or 48, as the case may be.
(3)
The Council may set the contribution in one or more of the following terms:
a fixed amount or rate of the estimated increase in revenue that is attributable to the increase in bus fares or train fares approved or revised by the Council under section 47 or 48, respectively;
any other terms as the Council considers appropriate.
(4)
The contributions that a public bus operator or a licensed rapid transit system operator has to make under subsection (1) must be made within the prescribed period after the effective date of any fare increase so approved or revised under section 47 or 48 (as the case may be) and thereafter, at the prescribed time in every subsequent year until the Council in writing directs otherwise.
(5)
Any unpaid contribution and any penalty or interest imposed under regulations made under section 73(2)(d) may be recovered as a Government debt in a court of competent jurisdiction.
(6)
The Minister may make regulations prescribing the content, form and procedure that must be followed by the Council in connection with the setting of contributions for the purposes of subsection (1).[24AC