Singapore legislation

Clause 3

of Transport Sector (Critical Firms) Bill

Clause 3

Amendment of section 2

In the BSI Act, in section 2 —

(a)

delete “, unless the context otherwise requires”;

(b)

after the definition of “bus stopping point”, insert —“ “business trust” and “trustee‑manager” have the meanings given by section 2 of the Business Trusts Act 2004;”;

(c)

after the definition of “company”, insert —“ “corporation” has the meaning given by section 4(1) of the Companies Act 1967;”;

(d)

after the definition of “courtesy bus service”, insert —“ “designated entity” means a designated equity interest holder or a designated operating entity;“designated equity interest holder” means an entity that has been designated as a designated equity interest holder under section 28E;“designated operating entity” means an entity that has been designated as a designated operating entity under section 28E;”; and

(e)

after the definition of “director”, insert —“ “effective designation date”, in relation to a designated entity, means the date specified under section 28E(3) as the date on which the designation of that entity as a designated operating entity or designated equity interest holder (as the case may be) takes effect;“entity” means any sole proprietorship, partnership, corporation or other body of persons, whether corporate or unincorporate, and includes a business trust;“essential transport service” means —

(a)

the service of operating any bus depot or bus interchange;

(b)

any bus service specified or described in the Schedule; or

(c)

any service specified or described in the Schedule which is necessary —

(i)

for the continuity of; or

(ii)

for supporting,the provision of any bus service mentioned in paragraph (b) or the operation of any bus depot or bus interchange;”.