Singapore legislation

Clause 6

of Transport Sector (Critical Firms) Bill

Clause 6

Amendment of section 19

In the BSI Act, in section 19 —

(a)

replace subsection (2) with —“(1A) A person must not be appointed as a manager of, or become a partner in, a limited liability partnership that is a bus operator holding a Class 1 bus service licence, unless the licensee has obtained the prior written approval of the LTA.(2) A person must not become a partner in a partnership that is a bus operator holding a Class 1 bus service licence unless the person has obtained the prior written approval of the LTA.”;

(b)

before subsection (3), insert —“(2A) The LTA may —

(a)

grant an approval under this section subject to any conditions that the LTA considers appropriate to impose; and

(b)

at any time add to, vary or revoke any condition so imposed.”;

(c)

in subsection (3), replace “Where an individual” with “Where a person”;

(d)

in subsection (3), replace paragraph (c) with —“(c)is appointed a manager of or becomes a partner in a limited liability partnership in contravention of subsection (1A), or becomes a partner in a partnership in contravention of subsection (2),”;

(e)

in subsection (3), replace paragraph (f) with —“(f)to remove that manager or partner.”; and

(f)

replace subsections (4) and (5) with —“(4) This section has effect despite the provisions of any other written law and the provisions of the memorandum or articles of association, limited liability partnership, partnership contract or other constitution, of the bus operator holding the Class 1 bus service licence.(5) Nothing in subsection (3) is to be taken as depriving a person who is removed under that subsection of compensation or damages payable to the person in respect of the termination of the person’s appointment as a chief executive officer, director or chairperson of the board of directors or the person’s removal as a manager or partner.(6) This section does not apply to or in relation to any bus operator holding a Class 1 bus service licence that has been designated as a designated operating entity, starting on its effective designation date and while it remains so designated.”.

Clause 6 — Transport Sector (Critical Firms) Bill | laws.sg