Clause 47

delete “, unless the context otherwise requires”;

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

replace the definition of “Corporation” with —“ “corporation” has the meaning given by section 4(1) of the Companies Act 1967;“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 21E;“designated operating entity” means an entity that has been designated as a designated operating entity under section 21E;“effective designation date”, in relation to a designated entity, means the date specified under section 21E(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 —

the service of operating or maintaining any rapid transit system; or

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

for the continuity of; or

for supporting,the operation of any rapid transit system;”.