Comparison View

Formal Consolidation |  2012 RevEd
Notice and consultation requirements, etc.
24AB.—(1)  No decision under section 24AA(2) may be made by the Council unless the Council has complied with the procedure and other notice and consultation requirements imposed by or under this section.
[17/2008]
(2)  The Council shall, in reviewing the bus fares and rapid transit system fares under section 24AA, comply with such procedures as the Minister may prescribe by regulations.
[17/2008]
(3)  If the Council proposes to review the bus fares and rapid transit system fares with a view to making a decision under section 24AA(2), the Council shall —
(a)give notice of its proposed review and decision in the prescribed manner; and
(b)after giving such notice, consult all licensed bus service operators and licensed rapid transit system operators who would, in the opinion of the Council, be affected by the decision.
[17/2008]
(4)  The Minister may make such regulations as are necessary or expedient to give effect to the provisions of this section.
[17/2008]
Informal Consolidation | Amended Act 30 of 2015
Fare review mechanism
24AB.—(1)  When approving under section 24, or approving on review under section 24AA, the price of any bus fare or train fare, the Council must do so only in accordance with the fare adjustment formula set out in the Third Schedule.
(2)  Where the bus fare charged by a public bus operator, or the train fare charged by a licensed rapid transit system operator, or the bus fare or train fare approved under section 24, or approved on review under section 24AA, for any year is less than the maximum permitted using the fare adjustment formula set out in the Third Schedule —
(a)no public bus operator or licensed rapid transit system operator is entitled to demand a bus fare or train fare that includes that excess for that year; but
(b)the excess may be claimed (in whole or in part) by the public bus operator or licensed rapid transit system operator concerned when applying for approval of any bus fare or train fare for the subsequent year or years, up to the maximum permitted using that fare adjustment formula.
(3)  However, the Council may refuse to add the excess referred to in subsection (2) to any bus fare or train fare with respect to a public bus operator or licensed rapid transit system operator if the bus operator or rapid transit system operator makes no claim under subsection (2)(b) when applying under section 24 for approval of the bus fare or train fare.
[Act 31 of 2015 wef 22/01/2016]