Division 1 — Management controls and record keeping
Change in management of licensee
27.—(1)  It is a condition of every licence that the licensee to whom the licence is granted must notify the LTA of, where the licensee is a corporation, partnership, limited liability partnership or an unincorporated association —
(a)the resignation or removal of any officer of the corporation, partnership, limited liability partnership or unincorporated association (as the case may be) within the prescribed period after the date of resignation or removal, as the case may be; or
(b)the death of any of its officers within the prescribed period after the date the licensee becomes aware of that death.
(2)  To avoid doubt, this section applies even though a licence is suspended pursuant to section 35.
Accounts and statements
28.—(1)  Subject to subsection (4), a licensee holding a street‑hail service licence or ride‑hail service licence must —
(a)in respect of the whole or part (as the case may be) of every financial year, prepare such accounts and statements as are specified in, or ascertained in accordance with, the Regulations;
(b)retain the accounts and statements prepared in accordance with paragraph (a) for 5 years after the end of the period to which they relate;
(c)within the prescribed period after the close of a financial year of the licensee, give to the LTA those accounts and statements duly audited by an auditor approved by the LTA; and
(d)keep and retain records, where the records are relevant to the preparation of the accounts and statements of the licensee mentioned in paragraph (a), for such period and in such manner as prescribed in the Regulations.
(2)  A licensee must not prepare any such accounts or statements in such a way that they do not correctly record and explain the matters or things to which they relate.
(3)  A person —
(a)who is subject to any requirement under subsection (1) or (2); and
(b)who intentionally or negligently contravenes the requirement,
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.
(4)  The LTA may on application waive any requirement under subsection (1) in any particular case.
(5)  Regulations may be made to vary the period mentioned in subsection (1)(b).
Record keeping and giving information
29.—(1)  A licensee of a street‑hail service licence must —
(a)keep and retain, for such period as may be prescribed, records, where the records are relevant to monitoring or evaluating, under this Act, an aspect of the street‑hail service as specified in the licence; and
(b)give to the LTA, within the period and in the manner specified in the licence, information that is relevant to monitoring or evaluating, under this Act, an aspect of the street‑hail service as specified in the licence.
(2)  A licensee of a ride‑hail service licence must, with respect to any ride‑hail service provided by the licensee —
(a)keep and retain, for such period as may be prescribed, records, where the records are relevant to monitoring or evaluating, under this Act, an aspect of the ride‑hail service as specified in the licence; and
(b)give to the LTA, within the period and in the manner specified in the licence, information that is relevant to monitoring or evaluating, under this Act, an aspect of the ride‑hail service as specified in the licence.
(3)  An exempt ride‑hail service operator providing a ride‑hail service to which an exempt ride‑hail operator order applies must —
(a)keep and retain, for such period as may be prescribed, records, where the records are relevant to monitoring or evaluating, under this Act, an aspect of the ride‑hail service as specified in the order; and
(b)give to the LTA, within the period and in the manner prescribed, information that is relevant to monitoring or evaluating, under this Act, an aspect of the ride‑hail service as specified in the order.
(4)  A person who is subject to a requirement under subsection (1), (2) or (3) to keep and retain or give any record or information commits an offence if the person —
(a)intentionally or negligently contravenes the requirement under subsection (1), (2) or (3) to keep and retain or give;
(b)intentionally alters, suppresses or destroys any record or information which the person is required under subsection (1), (2) or (3) to keep, retain or give; or
(c)who, in keeping, retaining or giving the record or information required under subsection (1), (2) or (3), makes any statement which the person knows to be false in a material particular, or recklessly makes such a statement.
(5)  A person who is guilty of an offence under subsection (4) shall be liable on conviction to a fine not exceeding $10,000.