Published by Authority

NO. 8]Friday, March 2 [2007

The following Act was passed by Parliament on 23rd January 2007 and assented to by the President on 1st February 2007:—
Land Transport Authority of Singapore (Amendment) Act 2007

(No. 11 of 2007)

I assent.

1st February 2007.
Date of Commencement: 1st March 2007
An Act to amend the Land Transport Authority of Singapore Act (Chapter 158A of the 1996 Revised Edition).
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:
Short title and commencement
1.  This Act may be cited as the Land Transport Authority of Singapore (Amendment) Act 2007 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
Amendment of section 6
2.  Section 6 of the Land Transport Authority of Singapore Act is amended by inserting, immediately after subsection (1), the following subsection:
(1A)  Subject to the provisions of this Act, it shall be a function of the Authority to develop and manage, or participate in the development and management of, land transport systems, whether in Singapore or elsewhere.”.
Amendment of section 7
3.  Section 7 of the Land Transport Authority of Singapore Act is amended —
(a)by deleting the words “, to promote the formation of an incorporated company or participate in the promotion of such company” in subsection (1)(e);
(b)by deleting paragraph (f\) of subsection (1) and substituting the following paragraphs:
(f)to form or participate in the formation of any company or corporation, or enter into any joint venture or partnership, whether in Singapore or elsewhere;
(fa)to participate in any overseas venture or development which the Authority has the expertise to engage in or undertake;
(fb)to establish and maintain offices, whether in Singapore or elsewhere;
(fc)to grant loans, and to guarantee the repayment of any loan granted, to any company or corporation —
(i)of which the Authority, or any subsidiary of the Authority, is a member; or
(ii)any shares of which are held or beneficially owned, directly or indirectly, by the Authority or any subsidiary of the Authority;”;
(c)by deleting the words “, to land transport authorities of other countries” in subsection (1)(i) and substituting the words “and consultancy services, to any person as respects any matter in which the Authority has skill or experience”; and
(d)by inserting, immediately after subsection (3), the following subsection:
(4)  In subsection (1)(fc), “subsidiary” has the same meaning as in section 5 of the Companies Act (Cap. 50).”.