Public Transport Council Act (Amendment of Third Schedule) Order 2016

Status:

Published in Subsidiary Legislation Supplement
on 06 Sep 2016

No. S 420

Public Transport Council Act

(CHAPTER 259B)

Public Transport Council Act
(Amendment of Third Schedule)
Order 2016

In exercise of the powers conferred by section 27B of the Public Transport Council Act, the Minister for Transport makes the following Order:

Citation and commencement

1. This Order is the Public Transport Council Act (Amendment of Third Schedule) Order 2016 and comes into operation on 7 September 2016.

Deletion and substitution of Third Schedule

2. The Third Schedule to the Public Transport Council Act is deleted and the following Schedule substituted therefor:

“THIRD SCHEDULE

Section 24AB(1) and (2)

Fare adjustment formula

where cCPI

is the change in Core Consumer Price Index between year 2015 and its previous year;

is the change in National Average Monthly Earnings between year 2015 and its previous year, adjusted to account for any change in the employer’s Central Provident Fund contribution rate as specified in the Central Provident Fund Act (Cap. 36); and

is the change in Energy Index for electricity and fuel between year 2015 and its previous year.

”.

Made on 5 September 2016.

PANG KIN KEONG

Permanent Secretary,
Ministry of Transport,
Singapore.

[MOT.B.271.0.002.0.13; AG/LEGIS/SL/259B/2015/5 Vol. 1]

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