Singapore legislation

Section 12

of Land Transport Authority of Singapore Act 1995

Section 12

Land Transport Revenue Account

Amended by17/2012

(1)

The Authority must establish, maintain and operate a Land Transport Revenue Account into which must be paid, except where expressly provided otherwise in section 13A or 13B —

(a)

all taxes, fees and charges specified in the Second Schedule;

(b)

all fees received by the Authority for services rendered by the Authority to any person, including any collection agency fee;

(c)

all moneys derived from the disposal, lease, or hire of, or any other dealing with, any property vested in or acquired by the Authority;

(d)

all income derived from the investment of moneys in the Account, including any gains made on the sale of any investment of moneys of the Account, and interest or gains thereon;

(e)

the balance of the fees, rental or other revenue lawfully received by the Authority —

(i)

for or in connection with the hiring or leasing of buses, bus stops, bus interchanges or terminals or bus parks from the Authority; or

(ii)

for or in connection with the advertising on such buses or at such bus stops, bus interchanges or terminals or bus parks,after deducting such proportion of those fees, rental or other revenue as the Minister has approved for the Bus Service Enhancement Fund under section 13B(1)(h);

(f)

all moneys borrowed by the Authority under this Act; and

(g)

all other moneys lawfully received by the Authority for the purposes of the Authority.

Amended by17/2012

(2)

The Land Transport Revenue Account must be managed and administered by the Authority, subject to the directions of the Minister.

Read in full context — Land Transport Authority of Singapore Act 1995 →