Rapid Transit Systems Act 1995 · 2020 Revised Edition · Part 4A · Special Administration Orders and Schemes of Transfers, Etc., for Licensees and Designated Operating Entities
27A. Interpretation of this Part
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In this Part —
“designated operating entity” excludes an entity that is also a licensee;
licensee
“licensee” means a company which is licensed under this Act to operate any rapid transit system;
“limited liability partnership” has the meaning given by section 2(1) of the Limited Liability Partnerships Act 2005;
“relevant entity” means a licensee or a designated operating entity;
“unitholder” has the meaning given by section 2 of the Business Trusts Act 2004;
“unregistered company” has the meaning given by section 245(1) of the Insolvency, Restructuring and Dissolution Act 2018.
In this Part —
a reference to the affairs, business, undertaking, operations or activities of a relevant entity that is a business trust is to the affairs, business, undertaking, operations or activities (as the case may be) carried on by the trustee-manager of the business trust on behalf of the business trust; and
a reference to the obligations of a relevant entity that is a business trust is to the obligations undertaken by the trustee-manager of the business trust on behalf of the business trust.