Bus Services Industry Act 2015 · 2020 Revised Edition · Part 3 · Licensing of Bus Operators
20. Restrictions on acquisition of essential operating assets
Feedback & supportA 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 —
acquisition
“acquisition” includes an agreement to acquire, but does not include —(a)an acquisition by will or by operation of law; or(b)an acquisition by way of enforcement of a loan security;
the person is a public bus operator holding a Class 1 bus service licence authorised to operate those regular route services; or
the LTA consents in writing to that acquisition.
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.
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 —
regular route service
“regular route service” means a bus service that is conducted according to predetermined routes and timetables with 2 or more bus stopping points within Singapore, but does not include —(a)a tourist bus service;(b)a community bus service;(c)a courtesy bus service; or(d)a bus service excluded from this definition by the Minister by order in the Gazette;
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;
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
is designated an essential operating asset by or under that public bus services contract.