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In force2020 Revised Edition

Part 3 · Licensing of Bus Operators

20. Restrictions on acquisition of essential operating assets

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(1)

A person must not acquire, on or after 22 January 2016, any essential operating asset for regular route services, or an interest in such an essential operating asset (whether or not the acquisition is by way of the enforcement of a loan security), unless —

(a)

the person is a public bus operator holding a Class 1 bus service licence authorised to operate those regular route services; or

(b)

the LTA consents in writing to that acquisition.

(2)

Any acquisition, or a purported acquisition of any essential operating asset for all or part of any regular route services, or of an interest in such an essential operating asset, in contravention of subsection (1) is void.

(3)

In this section, “essential operating asset”, in relation to any regular route service in a public bus services contract, means any bus, plant, equipment, machinery or other property which —

(a)

is used or intended to be used (and whether or not it is also used for other purposes) by a public bus operator holding a Class 1 bus service licence to provide the regular route services under that public bus services contract;

(b)

makes up part of the public bus system and is essential to the continuity of the regular route services under that public bus services contract; or

(c)

is designated an essential operating asset by or under that public bus services contract.

Report

Part 4

Licensing of Bus Depot or Bus Interchange Operators

Part 4A

Control of Designated Entities

Part 5

Step-In Arrangements

Part 5A

Special Administration Orders and Other Orders for Designated Operating Entities

Part 6

Enforcement and Monitoring Compliance

Part 7

Appeals

Part 7A

Conduct of Individuals on Buses and at Bus Depots and Bus Interchanges

Part 8

Miscellaneous

Schedules