Bus Services Industry Act 2015 · 2020 Revised Edition · Part 5A · Special Administration Orders and Other Orders for Designated Operating Entities
33C. Meaning and purposes of special administration order
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A special administration order is an order of the Minister made in relation to a designated operating entity on or after the effective designation date and in accordance with section 33D, directing that during the period the order is in force, the affairs, business and property of that entity are to be managed by a person appointed by the Minister which may be the LTA (called in this Part an appointed person) —
designated operating entity
“designated operating entity” means an entity that has been designated as a designated operating entity under section 28E;
for securing one or more of the purposes specified in subsection (2); and
in a manner that protects the interests of the shareholders, unitholders or beneficiaries (as the case may be), and the customers and creditors, of the entity.
For the purposes of subsection (1)(a), the purposes are —
the security and reliability of the business, undertaking or activities of the designated operating entity in Singapore relating to the entity’s provision of any essential transport service;
the survival of the designated operating entity or the whole or any part of the business or undertaking of the entity, as a going concern;
the transfer to another person, or (as respects different parts of its business or undertaking) to 2 or more different persons, as a going concern, of so much of the business or undertaking of the designated operating entity as is necessary to ensure that the obligations of the entity in relation to its business, undertaking or activities of providing any essential transport service may be properly carried out; and
the carrying out of the obligations of the designated operating entity mentioned in paragraph (c) pending the transfer, as a going concern, of the entity’s business or undertaking mentioned in that paragraph to any other person or persons.