Singapore legislation
Regulation 27
of Civil Aviation Authority of Singapore (Price Control of Aeronautical Charges) Rules 2009
Regulation 27
Authority’s determination
Subregulation 1
After considering the proposal made by the airport licensee and any information received during the review under rule 23 or presented during any hearings held under rule 26, the Authority must make a determination that —
specifies the services and facilities to be provided by the airport licensee concerned in the regulatory period to which the determination applies; and
specifies the maximum prices of the aeronautical services and facilities to be provided by the airport licensee in that regulatory period in any of the terms mentioned in rule 7(1).
Subregulation 2
A determination —
may allow for an adjustment to the maximum revenues specified in the determination as a result of a pass-through event specified in the determination and, if it does so allow, the Authority must specify the method of calculating that adjustment or the principles and general manner to be applied in making the adjustment or doing the calculation of the adjustment; and
may establish a performance incentive scheme for the airport licensee and, if it does so, the Authority must specify the method of calculating the adjustment to the maximum revenues specified in the determination as a result of that scheme or the principles and general manner to be applied in making the adjustment or doing the calculation of the adjustment.
Subregulation 3
In specifying in a determination the method of calculating an adjustment referred to in paragraph (2)(a) or (b) or the principles and general manner to be applied in making the adjustment or doing the calculation of the adjustment, the Authority must ensure that the adjustment reflects the financial effect to the airport licensee of the pass-through event or change.
Subregulation 4
A determination may have a differential application that varies according to factors stated in the determination.
Subregulation 5
When making a determination, the Authority must also prepare a report that specifies in appropriate detail the basis and rationale for the determination.
Subregulation 6
When making a determination, the Authority must also include the following either as part of the report or otherwise:
reasonable details of the qualitative and quantitative methodologies applied in making the determination, including calculations and formulae;
the values adopted by the Authority for each of the input variables in calculations and formulae used, including the reasons for adopting those values;
reasonable details of other assumptions made by the Authority in the conduct of material quantitative and qualitative analyses undertaken in relation to the setting of a maximum revenue or a related matter;
reasons for material judgments and qualitative determinations made and options considered;
reasons for discretions exercised which materially affected the setting of maximum revenues in the determination.
Subregulation 7
On making a determination and report under paragraph (6), the Authority must —
provide a copy of the determination and report to the Minister and to the airport licensee concerned; and
publish on the Authority’s website or in such daily newspapers circulating in Singapore as the Authority considers appropriate notice of the making of the determination.