Regulation 1
Citation and commencement
These Regulations may be cited as the Public Transport Council (Ticket Payment Service Licence) Regulations 2006 and shall come into operation on 1st July 2006.
/akn/sg/act/sub_leg/1987/PTCA-S397-2006
Public Transport Council (Ticket Payment Service Licence) Regulations 2006
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1987
- Sections
- 7
Quick answer
About this subsidiary legislation
Public Transport Council (Ticket Payment Service Licence) Regulations 2006 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation PTCA-S397-2006 1987, currently marked in force and first recorded in 1987.
Regulation 2
Definition
In these Regulations, “licensee” means the holder of a ticket payment service licence.
Regulation 3
Application for ticket payment service licence
Subregulation 1
An application to the Council for the grant of a ticket payment service licence shall be accompanied by a non-refundable fee of $200.
Subregulation 2
An application to the Council for the renewal of a ticket payment service licence shall be —
(a)
made in writing in such form as the Council may require no later than 18 months before the expiry of the licence; and
(b)
accompanied by a non-refundable fee of $200.
Regulation 4
Duration of ticket payment service licence
A ticket payment service licence shall be valid for a period specified by the Council which shall not exceed 10 years or such period as the Council may determine.
Regulation 5
Periodic fee
Amended byS 521/2025 wef 01/08/2025S 521/2025 wef 01/08/2025S 625/2024 wef 01/08/2024
Subregulation 1
Amended byS 521/2025 wef 01/08/2025
A licensee must pay to the Council, within the period specified by the Council and for a payment period starting on or after 1 August 2025, a periodic fee of $14,100 per year for providing or causing to be provided each of the following services:
(a)
a service for the clearing of any ticket transaction;
(b)
a service for the sale, topping‑up, replacement or refund, or the management of the use, of a mode of payment for tickets.
Subregulation 2
Amended byS 521/2025 wef 01/08/2025
In paragraph (1), “payment period”, in relation to a ticket payment service licence, means any of the following periods falling within the validity period of the ticket payment service licence:
(a)
the period of one year starting on the date the ticket payment service licence is granted;
(b)
the period of one year starting on an anniversary of the grant of the ticket payment service licence.
Subregulation 3
[Deleted by S 521/2025 wef 01/08/2025]
Regulation 6
Late interest rate
Amended byS 325/2023 wef 31/12/2021S 746/2024 wef 30/09/2024S 746/2024 wef 30/09/2024S 746/2024 wef 30/09/2024
Subregulation 1
Amended byS 325/2023 wef 31/12/2021S 746/2024 wef 30/09/2024
All fees, financial penalties or other sums payable under the Act shall be paid by a licensee by such date as may be specified by the Council to the licensee.
Subregulation 2
Amended byS 746/2024 wef 30/09/2024
For the purposes of section 68(1) of the Act, interest on any fee, financial penalty or other sum that remains due and unpaid by a licensee is charged at the rate of 4.5%-point above the 3-month compounded SORA, for the period —
(a)
starting on the date the payment or part of it is in arrears; and
(b)
ending on the date the payment is fully made.
Subregulation 3
Amended byS 746/2024 wef 30/09/2024
In this regulation —
Definition
“3-month compounded SORA”, in relation to a period, means —
(a)
if the period or a part of the period falls within the 6-month period beginning on 1 April of a calendar year, then, for the period or the part (as the case may be) — the compounded average of the SORA values for a 3-month period computed by the Monetary Authority of Singapore using the prescribed methodology, and published —
(i)
on its Internet website at https://www.mas.gov.sg; or
(ii)
where the website is unavailable to the public, in any other form that is readily accessible by the public,on either of the following days:
(iii)
if 1 March of that calendar year is a business day — that day;
(iv)
if 1 March of that calendar year is not a business day — the last business day in February of that calendar year; or
(b)
if the period or a part of the period falls within the 6-month period beginning on 1 October of a calendar year, then, for the period or the part (as the case may be) — the compounded average of the SORA values for a 3-month period computed by the Monetary Authority of Singapore using the prescribed methodology, and published —
(i)
on its Internet website at https://www.mas.gov.sg; or
(ii)
where the website is unavailable to the public, in any other form that is readily accessible by the public,on either of the following days:
(iii)
if 1 September of that calendar year is a business day — that day;
(iv)
if 1 September of that calendar year is not a business day — the last business day in August of that calendar year;
Definition
“bank holiday” means a day declared by the Monetary Authority of Singapore to be a bank holiday under section 60(1) of the Banking Act 1970;
Definition
“business day” means any day other than a Saturday, Sunday, public holiday or bank holiday;
Definition
“prescribed methodology” means the methodology set out in the document called “Compounded Singapore Overnight Rate Average Index (“SORA Index”), Compounded SORA and MAS Floating Rate Notes (“MAS FRN”): A User Guide” dated 16 March 2021;
Definition
“Singapore Overnight Rate Average” or “SORA” means the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank Singapore dollar cash market in Singapore between 8 a.m. and 6.15 p.m., as published by the Monetary Authority of Singapore —
(a)
on its Internet website at https://www.mas.gov.sg; or
(b)
where the website is unavailable to the public, in any other form that is readily accessible by the public.
Subregulation 4
[Deleted by S 746/2024 wef 30/09/2024]
Regulation 7
Refund, waiver or reduction of fees or interest
Amended byS 746/2024 wef 30/09/2024S 746/2024 wef 30/09/2024S 625/2024 wef 01/08/2024S 746/2024 wef 30/09/2024
The Council may, in any particular case —
(a)
refund, in whole or part, any fee mentioned in or any interest payable under these Regulations that has been paid; or
(b)
waive or reduce, in whole or part, any fee mentioned in or any interest payable under these Regulations.
Common questions
- What is Public Transport Council (Ticket Payment Service Licence) Regulations 2006?
- Public Transport Council (Ticket Payment Service Licence) Regulations 2006 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation PTCA-S397-2006 1987, currently marked in force and first recorded in 1987.
- Is Public Transport Council (Ticket Payment Service Licence) Regulations 2006 still in force?
- Yes — Public Transport Council (Ticket Payment Service Licence) Regulations 2006 is currently in force.
- When did Public Transport Council (Ticket Payment Service Licence) Regulations 2006 take effect?
- Public Transport Council (Ticket Payment Service Licence) Regulations 2006 was first recorded in 1987.
- How many regulations does Public Transport Council (Ticket Payment Service Licence) Regulations 2006 have?
- Public Transport Council (Ticket Payment Service Licence) Regulations 2006 contains 7 regulations.
- Where can I read the official version of Public Transport Council (Ticket Payment Service Licence) Regulations 2006?
- The official text of Public Transport Council (Ticket Payment Service Licence) Regulations 2006 is published at sso.agc.gov.sg.