Clause 4

in section 32(4)(a), after “in full or in part”, insert “for the purpose mentioned in subsection (1)(a)”;

in section 32, after subsection (4), insert —“(5) Despite subsection (4), the Council may, subject to such conditions as the Council thinks fit, grant an application to withdraw any sum of money from the Fund, for a purpose other than the purpose mentioned in subsection (1)(a), if —

the Fund is established and maintained by a person to whom a Class 1 bus service licence has been granted (called A);

the application is made by A;

the sum of money applied to be withdrawn does not exceed Z; and

the sum of money that is applied to be withdrawn does not include any amount paid into the Fund under subsection (1)(b) on or after the date of commencement of section 4 of the Transport Sector (Miscellaneous Amendments) Act 2025.(6) In subsection (5)(c), Z is an amount determined in accordance with the formula X – Y, where —

X is the amount standing in the Fund immediately before 1 January 2014; and

Y is the aggregate of the sum of moneys withdrawn from the Fund under subsection (4)(a) or (5) (as the case may be) on or after 1 January 2014 but prior to the application in question.”;

in sections 33(1) and 40(1)(c), after “section 32(4)”, insert “or (5)”; and

in section 67, replace subsection (1) with —“(1) The Council, or any officer of the Council or the LTA authorised by the Council, may compound any offence under this Act or any regulations made under this Act that is prescribed as a compoundable offence by collecting from a person reasonably suspected of having committed the offence a sum not exceeding the lower of the following:

one half of the amount of the maximum fine that is prescribed for the offence;

$10,000.”.