In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Civil Aviation Authority of Singapore Act 2009 · 2020 Revised Edition · Part 4 · Licensing and Management of Airports
42. Airport licensee not to carry on non-airport business
Feedback & support(1)
Except with the prior approval of the Authority, an airport licensee for an airport must not carry on substantial trading or financial activities other than —
(a)
activities relating to the operation of the airport;
(b)
activities incidental to the operation of the airport; and
(c)
activities that are consistent with the lease for the airport site and the master plan for that airport.
(2)
Subsection (1) does not apply to a person who acquires the lease for an airport site by way of the enforcement of a loan security.
(3)
A contravention of this section does not affect the validity of any transaction.