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No. S 473

Public Transport Council Act

(CHAPTER 259B)

Public Transport Council Act
(Amendment of Third Schedule) Order 2017

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 2017 and comes into operation on 28 August 2017.

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

0.4 cCPI + 0.4 WI + 0.2 EI – 0.5%

where

cCPI

is the change in Core Consumer Price Index between year 2016 and its previous year;

is the change in National Average Monthly Earnings between year 2016 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 2016 and its previous year.

”.

Made on 24 August 2017.

PANG KIN KEONG

Permanent Secretary,
Ministry of Transport,
Singapore.

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