| Public Transport Council Act |
| Public Transport Council (Prescribed Period for Contribution of Proportion of Fare Increases) Regulations 2016 |
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| Citation and commencement |
| 1. These Regulations are the Public Transport Council (Prescribed Period for Contribution of Proportion of Fare Increases) Regulations 2016 and come into operation on 1 April 2016. |
| Definitions |
2. In these Regulations —
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| Prescribed period for contributions |
| Interest for late payment of contribution |
4.—(1) Where any instalment of a contribution is due and unpaid, the public bus operator or the licensed rapid transit system operator in arrears must pay interest on the amount in arrears at a rate of 5.5% per annum.
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Chairman, Public Transport Council, Singapore. |
| [PTC 84-01; AG/LEGIS/SL/259B/2015/7 Vol. 1] |