Bus Services Industry Act 2015 · 2020 Revised Edition · Part 4A · Control of Designated Entities
28I. Acquisition of business of designated operating entity as going concern
Feedback & supportLast amended by an amending law of 2024.
A person must not, on or after the effective designation date, acquire as a going concern, a designated operating entity’s business of providing any essential transport service (or any part of such business) unless —
effective designation date
“effective designation date”, in relation to a designated entity, means the date specified under section 28E(3) as the date on which the designation of that entity as a designated operating entity or designated equity interest holder (as the case may be) takes effect;
the person; and
the designated operating entity or, if the designated operating entity is a business trust, its trustee-manager,have obtained the prior written approval of the LTA.
An application for the LTA’s approval under subsection (1) must be —
LTA
“LTA” means the Land Transport Authority of Singapore constituted under the Land Transport Authority of Singapore Act 1995;
made jointly by the persons mentioned in subsection (1)(a) and (b); and
made in such form and manner as the LTA may specify.
The LTA may approve an application under subsection (1) if the LTA is satisfied that —
the person acquiring the business or part is a fit and proper person;
after the acquisition, the essential transport service mentioned in subsection (1) will continue to be safe, reliable and efficient;
in the case where after the acquisition, the designated operating entity continues to carry out part of the business mentioned in subsection (1) — the designated operating entity or, if the designated operating entity is a business trust, its trustee-manager, will continue to conduct the business of the designated operating entity prudently and comply with the provisions of this Act; and
it is in the public interest to do so.
The LTA may —
grant an approval under this section subject to any conditions that the LTA considers appropriate to impose; and
at any time add to, vary or revoke any condition so imposed.
This section has effect despite the provisions of any other written law or anything contained in the memorandum or articles of association, limited liability partnership agreement, partnership contract, trust deed or other constitution, of the designated operating entity.
limited liability partnership
“limited liability partnership” has the meaning given by the Limited Liability Partnerships Act 2005;
Any person who contravenes subsection (1), or who fails to comply with any condition imposed under subsection (4), shall be guilty of an offence.