Singapore legislation
Regulation 15
of Point-to-Point Passenger Transport Industry Regulations 2020
Regulation 15
Accounts and statements
Subregulation 1
For the purposes of section 28(1)(c) of the Act, the period within which a licensee must give to the LTA duly audited accounts and statements required by section 28(1)(a) of the Act is a period that ends —
on a date that is 180 days after the end of the financial year to which the accounts and statements relate; or
on the date an external auditor of the licensee completes his or her audit report on those accounts and statements,whichever period is shorter.
Subregulation 2
For the purposes of section 28(1)(d) of the Act, the period for which a licensee must keep and retain records that are relevant to the preparation of the accounts and statements of the licensee required by section 28(1)(a) of the Act is 5 years after the records are created.
Subregulation 3
For the purposes of section 28(1)(a) of the Act, a licensee must give to the LTA a statement, duly audited by an external auditor of the licensee that —
specifies the gross revenue derived by the licensee in the financial year to which the accounts and statements relate from the provision of a street‑hail service or ride‑hail service, as the case may be; and
provides a breakdown of the items constituting that gross revenue, including items corresponding to —
the gross revenue derived from taxi rentals or commissions collected from the licensee’s related drivers or participating bookable drivers, as the case may be; and
the gross revenue derived from platform fees, booking fees or other fees collected from passengers.