Singapore legislation

Section 52

of Civil Aviation Authority of Singapore Act 2009

Section 52

Maximum prices for aeronautical charges

(1)

In respect of aeronautical charges, maximum prices may be approved by the Authority in one or more of the following terms:

(a)

maximum prices or the maximum rate of increase or the minimum rate of decrease in maximum prices;

(b)

average prices or average rates of increase or decrease in such average prices;

(c)

pricing policies or principles;

(d)

by reference to a general price index, the cost of production, revenue, a rate of return on assets or any other factor;

(e)

by reference to quantity, location or period of supply of the airport services and facilities;

(f)

any other terms as the Authority considers appropriate.

(2)

The Minister may make rules prescribing the content, form and procedure to be followed, and the methodology or other matters to be included in connection with the preparation, setting and approval of maximum prices for the purposes of subsection (1).

(3)

Any maximum price approved by the Authority immediately upon the commencement of this Division in respect of any aeronautical charges at any airport is deemed to be maximum prices approved by the Authority under, and in accordance with rules made under, this section in respect of those aeronautical charges of the airport licensee for that airport.

Read in full context — Civil Aviation Authority of Singapore Act 2009 →