28E. Designation of designated operating entities and designated equity interest holders

Terms defined in this Act

• business trust

  business trust

  Defined · s 2

  “business trust” and “trustee-manager” have the meanings given by section 2 of the Business Trusts Act 2004;

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• designated equity interest holder

  designated equity interest holder

  Defined · s 2

  “designated equity interest holder” means an entity that has been designated as a designated equity interest holder under section 28E;

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• designated operating entity

  designated operating entity

  Defined · s 2

  “designated operating entity” means an entity that has been designated as a designated operating entity under section 28E;

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• entity

  entity

  Defined · s 2

  “entity” means any sole proprietorship, partnership, corporation or other body of persons, whether corporate or unincorporate, and includes a business trust;

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• equity interest

  equity interest

  Defined · s 28B

  “equity interest” —(a)in relation to a corporation — means a voting share in that corporation;(b)in relation to an entity other than a corporation — means any right or interest, whether legal or equitable, in that entity (by whatever name called) which gives the holder of that right or interest voting power in that entity; and(c)in relation to a business trust — means a unit in that business trust;

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• essential transport service

  essential transport service

  Defined · s 2

  “essential transport service” means —(a)the service of operating any bus depot or bus interchange;(b)any bus service specified or described in the Schedule; or(c)any service specified or described in the Schedule which is necessary —(i)for the continuity of; or(ii)for supporting,the provision of any bus service mentioned in paragraph (b) or the operation of any bus depot or bus interchange;

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• LTA

  LTA

  Defined · s 2

  “LTA” means the Land Transport Authority of Singapore constituted under the Land Transport Authority of Singapore Act 1995;

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